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Why Bitcoin- And Ethereum-Related Stock MicroStrategy Incorporated Is Falling Again Today

MicroStrategy Incorporated (NASDAQ: MSTR) shares are trading lower on continued downward momentum after the D.C. Attorney General Karl A. Racine announced a lawsuit against Chairman Michael Saylor. What Happened?
byHenry Khederian
September 1, 2022
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MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading lower on continued downward momentum after the D.C. Attorney General Karl A. Racine announced a lawsuit against Chairman Michael Saylor.

What Happened?

Racine took to Twitter Wednesday afternoon to announce a lawsuit against Saylor for alleged tax fraud. 

“Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax fraud,” Racine said via tweet… Read More

See Also: Why American Virtual Cloud Technologies Shares Are Getting Hammered Today

According to data from Benzinga Pro, MicroStrategy Incorporated has a 52-week high of $891.38 and a 52-week low of $134.09.

 
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