MicroStrategy’s $2,983,077,000 Bitcoin Trove Not for Sale After CEO Michael Saylor Steps Down

MicroStrategy’s $2,983,077,000 Bitcoin Trove Not for Sale After CEO Michael Saylor Steps Down


Michael Saylor has stepped down as CEO of enterprise analytics firm MicroStrategy, but the company will continue to acquire and hold Bitcoin (BTC).

In a new statement, Microstrategy announces that Saylor will be its new executive chairman effective August 8th to focus on innovation and long-term corporate strategy.

The executive is retaining his role as chairman of the board of directors and as head of the investments committee, and remains in charge of the company’s Bitcoin acquisition strategy.

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Saylor is assuming his new position as Bitcoin trades at just a third of its all-time high.

MicroStrategy currently owns 129,699 BTC, which the company bought for an average price of $30,664 per Bitcoin. The purchase value of the company’s BTC trove is nearly $4 billion, but

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