District of Columbia Suing MicroStrategy Founder Michael Saylor for Tax Fraud

MicroStrategy shares were down more than 4% following Racine’s tweets. In a statement, Saylor said that although MicroStrategy headquarters is in Virginia, he had moved to Miami Beach. “Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life,” he said. “I respectfully disagree with the position of the District of Columbia, and look forward to a fair resolution in the courts.”