Michael Saylor, the CEO of MicroStrategy (MSTR), is a well-known cryptocurrency enthusiast. It’s been said that he has handed over operational control of MicroStrategy to others. On Tuesday, MicroStrategy (MSTR) announced that founder and CEO Michael Saylor would be leaving his position as the CEO.
Moving ahead, Saylor will take on a new position as executive chairman to concentrate on the firm’s bitcoin strategy. The president of MicroStrategy, Phong Le, will succeed Saylor as CEO. Since its inception in 1989, Saylor has held the title of CEO. MicroStrategy IPOed in 1998.
MicroStrategy’s CEO steps down amid losses
Marti, MicroStrategy anunțată quarterly earnings that were below Wall Street expectations. Revenue was $122.1 million compared to forecasts of $126 million. The company’s bitcoin holdings resulted in losses of $918.1 million, according to the Securities and Exchange Commission (SEC).
Source: https://www.cryptopolitan.com/microstrategy-ceo-steps-down-amid-a-1b-loss/