Michael Saylor, CEO of MicroStrategy, which holds approximately 130,000 BTC in its balance sheet, is leaving his position as CEO. Saylor will become the chairman of the board of directors.
“It will enable us to better manage our Bitcoin strategy”
Saylor said in a statement on the subject, “I think the separation of the roles of chairman and CEO will allow us to better manage our strategy of buying and holding Bitcoin. As chairman of the board, I will be able to focus more on the company’s Bitcoin acquisition strategy.” said.
Yeni CEO Phong Le
The new CEO of the company was Phong Le. Saylor stated that Phong Le will be responsible for all corporate operations, while he will focus more on the company’s Bitcoin purchase strategy.
Continued to hold all of the Bitcoins
According to the balance sheet figures, the company continued to hold all its Bitcoins in the second quarter. MicroStrategy’s current Bitcoin holding is 129,699 BTC. These Bitcoins were purchased for 3 billion 977 million dollars, and their current value is 2 billion 982 million dollars.
Saylor has served as the company’s CEO since MicroStrategy was founded in 1989. His replacement, Phong Le, joined the company in 2015 and has held senior positions including general manager, CFO and COO.
In the first quarter, MicroStrategy’s finance director changed, and Phong Le was replaced by Andrew Kang.
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