Tag: microstrategy
Crypto VC funding hits $30.3B in H1, Michael Saylor steps down as MicroStrategy CEO, and Voyager to return $270M worth of customer assets: Hodler’s Digest, July 31-Aug 6
MicroStrategy Stocks Soared 15% After Michael Saylor Stepped Down as CEO
Microstrategy Outperforms Every Asset Class and Big Tech Stock Since Adopting Bitcoin Strategy, Says CEO
Michael Saylor Steps Down as MicroStrategy CEO, Bitstamp to Delist XRP Pair, SHIB Team Reveals Name of Much-Awaited Game: Crypto News Digest by U.Today
MicroStrategy stock MSTR hits 3-month high after CEO’s exit
Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Michael Saylor Ditches CEO Position As MicroStrategy Suffers $1 Billion Loss
MicroStrategy CEO Michael Saylor steps down to ‘focus’ on Bitcoin as chairman
Bitcoin advocate Michael Saylor is stepping down as the CEO of the software company he co-founded, MicroStrategy, and will instead take on the role of executive chairman. Saylor’s belief in Bitcoin has turned the company into a holding vehicle for the cryptocurrency. The news came as the company reported its second-quarter earnings. It noted a loss of $1.062 billion, mostly due to an impairment charge of $917 million based on the value of its Bitcoin holdings, which have plunged since the price peaked in November last year.
Phong Le, MicroStrategy’s current president, will take Saylor’s place as CEO. “I look forward to leading the organization for the long-term health and growth of our enterprise software and bitcoin acquisition…