.saylor has stepped down as MicroStrategy CEO
Saylor will assume the role of an executive chairman, focusing more on the company's Bitcoin acquisition strategy and other initiatives related to the largest cryptocurrency.
The Bitcoin advocate has handed over the baton to top executive Phong Le, who has served as the company's president since July 2020. Le says that he's"honored" and"excited" to be at the helm of the organization. Saylor believes that splitting the roles of CEO and Chairman will make it possible for the company to pursue its core corporate strategies in a more efficient way. He has been the head of MicroStrategy for more than three decades, going through a series of ups and downs.
In 2000, Saylor famously lost $6 billion in a single day after the U.S. Securities and Exchange Commission brought charges against his company. His company managed to capture the spotlight after adopting Bitcoin as its reserve asset in a surprise move in August 2020. MicroStrategy is the largest corporate holder of the top cryptocurrency. In June, the firm bought $10 million worth of Bitcoin despite facing a reckoning due to falling prices.
Saylor has repeatedly defended the company's Bitcoin-accumulating strategy after his audacious bet backfired. MicroStrategy's crypto-related losses topped a whopping $1 billion in June.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Michael Saylor will step down as MicroStrategy CEO but remain as executive chairMicroStrategy said Michael Saylor will be assuming the new role of executive chair at the company, while president Phong Le will become CEO.
Leer más »
MicroStrategy CEO Michael Saylor steps down to 'focus' on Bitcoin as chairmanMicroStrategy holds nearly $2 billion in Bitcoin right now.
Leer más »
From homeless to CEO: San Antonio man uses recovery to Pay it ForwardPay it Forward CEO Hamilton Barton understands the needs of the people in recovery that...
Leer más »
Bank of America CEO touts 'relatively strong' consumer strength despite inflation, recession woesBank of America CEO Brian Moynihan touted U.S. consumer strength as 'relatively strong,' citing July consumer data despite inflation and an economic recession.
Leer más »
Watch Jim Cramer's full interview with AGCO CEO Eric HansotiaThe 'Mad Money' host interviewed AGCO CEO Eric Hansotia on Monday's episode of the show.
Leer más »
Jury selection begins in trial of former Blue Bell CEO - KRLD News
Leer más »