Michael Saylor resigns as CEO of MicroStrategy

Software intelligence company MicroStrategy is known for being a huge fan of bitcoin (BTC). In fact, it has acquired a lot of bitcoins this year, being among the largest holders of BTC. And the company wants to continue this momentum. To that end, CEO Michael Saylor intends to leave his current position to focus on MicroStrategy’s bitcoin (BTC) acquisition strategy.

Saylor becomes executive president

According to a tweet from Bitcoin Magazine on August 2, “Michael Saylor to Switch from CEO to Executive Chairman to Focus on MicroStrategy’s Bitcoin Acquisition Strategy“Saylor himself stated in a statement:As Executive Chairman, I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will have the power of CEO to manage all of the company’s operations.“.

Michael will begin by taking on his new role as Executive President from 8 August. Phong Le, who has chaired MicroStrategy since July 2020, will take the position of Saylor. He will then take care of the company’s software monitoring activities. In his new position, Michael will be responsible for the company’s BTC-focused division.

That said, in a conference call, Saylor said: “I will be more efficient, Phong will be more efficient.“He also indicated it MicroStrategy may launch new projects very soon on the Bitcoin (BTC) market. According to him, the company is well positioned to offer business software based on the Bitcoin (BTC) blockchain.

For the future former CEO of MicroStrategy, BTC has a bright future ahead of it. In fact, Michael Saylor believes the current US dollar rally is favorable for bitcoin in the longer term. Furthermore, he has made it clear that banks’ interest in this cryptocurrency will not stop growing.

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