“King of Bitcoin” Michael Saylor steps down as CEO of Microstrategy

He was offered a crypto portrait recently, the stainless support of Bitcoin Michael Saylor will leave his position as boss of Microstrategy in a few days.

In a press release, the management of Microstrategy indicates that Michael Saylor will step down as CEO of the company on August 8. More than a departure, the operation is presented as a reorganization of management. Michael Saylor will now assume the new role of Executive Chairman.

For his part, Phong Le, the Chairman of the Company, will become the new Managing Director of the Company. Saylor also remains the chairman of the board of directors and one of the directors of the company.

The person concerned has been the boss of Microstrategy since its foundation in 1989. He has become famous in the crypto ecosystem since the end of 2020 for his massive investments in bitcoin. Saylor said these changes could focus primarily on innovation and long-term business strategy, while continuing to oversee bitcoin acquisition strategy of the company as head of the investment committee of the board of directors.

“I believe separating the roles of Chairman and CEO will allow us to better pursue our two business strategies of acquiring and owning bitcoin and growing our business analytics software business. . As Executive Chairman, I will be able to focus more on our bitcoin acquisition and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage the overall operations of the company »

Statement by Michael Saylor

Do like Michael Saylor and work on your Bitcoin strategy! Run quickly to buy your first satoshis on Bitstack … and get 5€ of BTC offered with the code JDC5 (commercial link).

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