Meanwhile, Le said investors shouldn’t expect any surprises in strategy. On the company’s earnings call late Tuesday, Le said he has been aligned with Saylor on the enterprise and bitcoin strategy thr...
Tag: MicroStrategy
Saylor Steps Down as MicroStrategy CEO to Double Down on Bitcoin
MicroStrategy co-founder Michael Saylor has relinquished his position as chief executive after reporting a $1 billion loss on the company’s Bitcoin holdings. Saylor will assume the newly created posit...
Michael Saylor steps down as MicroStrategy CEO to serve as executive chair
Michael Saylor, a renowned Bitcoin maximalist, has announced his resignation as the CEO of MicroStrategy. The resignation was revealed during MicroStrategy’s second-quarter earnings call on Tuesday. S...
MicroStrategy CEO – Michael Saylor Steps Down Pumping Bitcoin Strategies
The cryptocurrency market has gone upside-down in the last few years. This downfall has confined the market into new threads of survival instincts. Especially firms transacting in the Bitcoin and Ethe...
MicroStrategy Stock Rallies as Saylor Steps Down
Share this article Coinbase’s stock has also surged double digits today. MicroStrategy Soars on Q2 Report MicroStrategy and Coinbase investors finally have something to celebrate. MicroStrategy’s MS...
MicroStrategy CEO Michael Saylor Steps Down From His Position
Michael Saylor will serve as executive chairman of MicroStrategy. The company is facing a loss of $1.062 Billion, as per the recent report. According to the recent announcement from the American-based...
Michael Saylor Ditches CEO Position As MicroStrategy Suffers $1 Billion Loss
Michael Saylor is vacating his position as MicroStrategy’s chief executive to become Executive Chairman, focusing on the company’s bitcoin strategy, according to a statement posted by MicroStrategy, T...
MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role
MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that th...
Successfully Running MicroStrategy For 3 Decades, Saylor Steps Down As CEO After Firm Bears Huge Bitcoin Losses
– Advertisement – Microstrategy’s Michael Saylor is stepping down as CEO to concentrate on Bitcoin advocacy as company chairman. Please join the @MicroStrategy management team at 5pm ET ...
Change at the top of MicroStrategy
Michael Saylor announced that as of 8 August he will no longer be CEO of MicroStrategy, but only Executive Chairman. Michael Saylor will no longer be CEO of MicroStrategy Phong Le takes over from Mich...
Bitcoin Advocate Michael Saylor to Step Down as MicroStrategy CEO
Alex Dovbnya Phong Le will replace Michael Saylor as the company’s new CEO Michael Saylor is stepping down as CEO of MicroStrategy, the business intelligence firm he co-founded in 1989. Saylo...
Bitcoin Maverick Michael Saylor Drops CEO Role At MicroStrategy After Reporting $1 Billion Loss
One of the biggest Bitcoin proponents Michael Saylor has stepped down from the position of CEO of his business intelligence firm MicroStrategy. The announcement came on Tuesday, August 2, as the compa...
Michael Saylor is No Longer the CEO of MicroStrategy
Bitcoin-evangelist and billionaire Michael Saylor has stepped down as the Chief Executive Officer of MicroStrategy – one of the world’s largest corporate holders of Bitcoin. He will continue to serve ...
MicroStrategy Reports $918M Impairment Charge on Bitcoin Holdings in Q2
The company’s 129,699 bitcoins held at the end of June 30, 2022, were acquired for approximately $4 billion, reflecting an average cost per bitcoin of approximately $30,664, the company reported...
Michael Saylor steps down as MicroStrategy CEO, company takes $917 million charge on bitcoin
MicroStrategy (MSTR) announced on Tuesday its founder and CEO Michael Saylor will step down from the top job and take a new post as executive chairman, focused on the company’s bitcoin strategy....
Michael Saylor Will Step Down as MicroStrategy CEO
Key Takeaways MicroStrategy announced today that CEO Michael Saylor would step down from that position. Saylor will remain an executive officer and chairman of the board of directors. The famous Bitco...
Digital Asset Macro Environment | Q2’22 Update
July 29, 2022, 1:06PM EDT • 1 min read Quick Take Update on Q1’22 Digital Asset Macro Environment(1) Analysis and impact of current inflation market Wall Street remains bullish long term on public dig...
Coinbase, MicroStrategy Shares Plunge Amid ‘Tougher Macro Backdrop’
Coinbase stock fell almost 16% on Tuesday in the aftermath of reports that the U.S. Securities and Exchange Commission (SEC) is probing the crypto exchange over allegedly listing unregistered securiti...
MicroStrategy In Trouble: Bitcoin Holdings Cause Unrealized Loss of $1 Billion – Coinpedia – Fintech & Cryptocurreny News Media
Recently, in June 2022, microstrategy microstrategy Tech & Design (Software) Followers : 0 View profile , the data analytics firm and one of the largest Bitcoin holding organizations in the world,...
Are big players like Grayscale and MicroStrategy moving bitcoin’s price?
In my previous coverage of MicroStrategy’s mega-leveraged all-in bitcoin bet, the main bone of contention was that the firm’s oversized bitcoin wager risks affecting the market significantly if it fai...
MicroStrategy Stocks Plunged 10% After a Downgrade to “Underporformance”
Jefferies analyst Brent Thill downgraded the software analytics provider to “underperform” from “hold” as the ongoing crypto shambles failed to demonstrate strong signals for a market reversal. The do...
Bitcoin Holdings Impacting Microstrategy Shares, Here’s Why
Even as Microstrategy continues to be in unrealized losses thanks to slump in Bitcoin prices, it is affecting company’s shares. Ahead of the company’s Q2 earnings next week, Jefferies downgraded it to...
MicroStrategy Selling Rumors Are FUD: CryptoQuant CEO
After an exuberant risk-on rise in Bitcoin’s price Tuesday, a retracement since Wednesday wiped out most of the gains. Traders blame Tesla’s Q2 earnings report. Bitcoin prices hovered around the $20K ...
After Tesla, Did Microstrategy Liquidated its Bitcoin Holdings?
On Friday, the cryptocurrency market recovered, with the top coin, Bitcoin, returning to the $23,000 threshold. Similar to the stock market, Bitcoin has been on the upward slope so far this week as in...
Michael Saylor Quietly Dumping Microstrategy Bitcoin? Here’s New Data
Just when Bitcoin is holding on to the $23,000 level after long time, data on huge sale activity shows contrasting signs. It is well established that Michael Saylor’s Microstrategy is the largest inst...
Big losses on Bitcoin for Tesla and Microstrategy- The Cryptonomist
Tesla, MicroStrategy, and Block, three of the companies with the largest exposure in Bitcoin, lost about $5 billion on their positions in the second quarter. Tesla, MicroStrategy and Block record $5 b...
Tesla, MicroStrategy, Block’s bet on Bitcoin leads to $5B loss on books in Q2
Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of $5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the report, Bitcoin’s 5...
Should you buy MicroStrategy as stock returns 58% and cryptos turn up?
MicroStrategy Incorporated (NASDAQ:MSTR) has borne the brunt of a bear crypto sentiment. As the corporate entity with the largest stash of Bitcoin, the market crash pushed the stock to $150. That comp...
Rumors Of MicroStrategy Selling Bitcoin Grow With Tesla’s Disclosure
Bitcoin and the crypto market have been losing momentum in the last 24 hours after experiencing a relief rally. Yesterday, the Elon Musk-led car manufacturer Tesla announced that it sold 75% of its BT...
“Quite Evident” That $ADA Is Security: MicroStrategy CEO Michael Saylor
Cardano is a blockchain platform for visionaries, inventors, and changemakers that provides them with the tools and technology they need to open up opportunities for both the many and the few and brin...