Michael Saylor eroaa toimitusjohtajan roolista keskittyäkseen MicroStrategyn ‘Bitcoin-advokaatiohankkeisiin’

In a surprise move, MicroStrategy CEO, Michael Saylor, has just julkinut that he is vacating his role at the company.  Saylor held the position of CEO since he founded MicroStrategy in 1989, building the company in to what it is today.  While this decision may have caught some off-guard, the reasoning behind it may be more obvious than apparent at first glance.  It all has to do with one thing – Bitcoin.

Uusi rooli

While Saylor may no longer retain the title of CEO, he is still expected to play a pivotal role at MicroStrategy as its Executive Chairman (a role also held by Saylor).  Meanwhile, Phong Le will receive a promotion from President of MicroStrategy to CEO.

Seuraavassa työssäni aion keskittyä enemmän #Bitcoin.

— Michael Saylor⚡️ (@saylor) 3. elokuuta 2022

Uusi fokus

So why the change?  Over the past two years Saylor has quite possibly been the worlds biggest advocate for Bitcoin.  While some may be disillusioned by the current downturn in the market, Saylor appears as steadfast as ever with his belief in the worlds top digital asset.  It is this belief that fueled this decision to change roles.

Saylor states, “Uskon, että puheenjohtajan ja toimitusjohtajan roolien jakaminen mahdollistaa meille paremman panostamisen kahteen yritysstrategiaamme: bitcoinin hankkimiseen ja hallussapitoon sekä yritysanalytiikkaohjelmistoliiketoimintamme kasvattamiseen. Toimeenpanevana puheenjohtajana pystyn keskittymään enemmän bitcoinin hankintastrategiaan ja siihen liittyviin bitcoin-advokaatiohankkeisiin, kun taas Phong saa valtuudet toimitusjohtajana hallinnoida kokonaisvaltaisia yritystoimintoja,”.

While it is not yet clear exactly what these initiatives will entail, and how Saylor intends on promoting Bitcoin, the company is clearly all-in on seeing it succeed.

Arvonalentamiskulu

Along with its announcement of Saylors decision to focus his efforts on the company’s Bitcoin initiatives, MicroStrategy released its financial highlights from Q2 of 2022.

While the company was able to boast a gross profit of $96.9M in the quarter, the value of its BTC holdings continued to take a substantial hit as the market overall has fallen on hard times.  Currently, MicroStrategy indicates that it holds 129,699 BTC at an average cost of $30,664.  As a result of market conditions, the company recorded a digital impairment charge of nearly $918M in the quarter.

While such an impairment charge may sound dire, Saylor is quick to huomauttamaan that, “Koska Bitcoin-strategia on otettu käyttöön, $MSTR on ylittänyt jokaisen omaisuusluokan & suuren teknologiaosakkeen.”