Michael Saylor Tax Evasion?

[LevelUP]

> As of August 8, 2022, Saylor has stepped down as Microstrategy's CEO following the loss 917 million dollars in Bitcoin holdings.

oof

"The company has spent roughly $4 billion on 129,699 Bitcoins at an average price of $30,700, borrowing a staggering $2.4 billion to do so. The holdings are currently worth some $2.59 billion, meaning MicroStrategy has $1.39 billion in paper losses on its books from the cryptocurrency acquisitions." from yahoo finance.

I don't get why it would still be legal for a company to put shareholders at risk by buying crypto. The SEC is asleep at the wheel. The CEO should have his entire assets seized.

If you want to gamble personally on crypto, fine. But don't put others at risk. Don't start hedge funds. And it should be illegal to get paid to promote this stuff.