Michael Saylor will step down as MicroStrategy CEO but remain as executive chair
The soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin." Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.In a Tuesday notice on its second quarter earnings for 2022, MicroStrategy said Saylor would be assuming the new role of executive chair at the company, while president Phong Le will become CEO. The changes are expected to take effect on....
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The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100 million in unpaid taxes and penalties.
District of Columbia Sues Billionaire Michael Saylor and Microstrategy
The Office of the Attorney General (OAG) of the District of Columbia announced Wednesday....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This Week Crypto fundraising hits $30.3B in H1, outpacing all of 2021: ReportA report from crypto analytics firm Messari on Tuesday showed that the crypto sector has raised $30.3 billion in funding this year, already outpacing the total for all of 2021, which was $30.2 billion. The figure was achieved via 1,199 funding....
The D.C. AG alleges that Saylor and MicroStrategy conspired to commit tax evasion by fraudulently representing Saylor’s primary residence from 2005 to present.
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, Tuesday afternoon. Since MicroStategy’s founding in 1989, Saylor has served as the company’s CEO. In 1998, the cloud software company went public. Phong Le, the firm’s current president and former chief […]
MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter. MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. MicroStrategy has purchased....