fbpx
  • About Us
  • Contact
  • Sponsored Content
  • Price Tracker
  • Write for Us
  • Terms and Conditions
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Metaverse
    • Forecast
  • Exchanges
    • All
    • Crypto Exchange Reviews
    • Exchange Comparisons
    CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

    CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

    Centralised Exchange vs. Decentralised Exchange: A Detailed Comparison

    Centralised Exchange Vs. Decentralised Exchange: A Detailed Comparison

    Low Fee Exchanges: The High Cost of Low Price

    Low Fee Exchanges: The High Cost of Low Price

    Best Crypto Apps in Australia: A Curated List 2022

    Best Crypto Apps in Australia: A Curated List 2022

    CoinSpot vs Independent Reserve: Which Is Better? A Detailed Comparison

    CoinSpot Vs Independent Reserve: Which Is Better? A Detailed Comparison

    Which crypto exchange should Australians choose: CoinSpot vs Bitfinex

    Which crypto exchange should Australians choose: CoinSpot vs Bitfinex

    Coinspot vs Plus500: Which Is Better? A Detailed Comparison

    Coinspot vs Plus500: Which Is Better? A Detailed Comparison

    CoinSpot vs Bittrex Crypto Exchange Comparison

    CoinSpot vs Bittrex Crypto Exchange Comparison

    Review crypto exchanges for Australians: CoinSpot vs BTC Markets

    Review crypto exchanges for Australians: CoinSpot vs BTC Markets

    • Reviews
    • Comparisons
No Result
View All Result
SUBSCRIBE
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Metaverse
    • Forecast
  • Exchanges
    • All
    • Crypto Exchange Reviews
    • Exchange Comparisons
    CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

    CoinSpot vs Kraken: Which Is Better? A Detailed Comparison

    Centralised Exchange vs. Decentralised Exchange: A Detailed Comparison

    Centralised Exchange Vs. Decentralised Exchange: A Detailed Comparison

    Low Fee Exchanges: The High Cost of Low Price

    Low Fee Exchanges: The High Cost of Low Price

    Best Crypto Apps in Australia: A Curated List 2022

    Best Crypto Apps in Australia: A Curated List 2022

    CoinSpot vs Independent Reserve: Which Is Better? A Detailed Comparison

    CoinSpot Vs Independent Reserve: Which Is Better? A Detailed Comparison

    Which crypto exchange should Australians choose: CoinSpot vs Bitfinex

    Which crypto exchange should Australians choose: CoinSpot vs Bitfinex

    Coinspot vs Plus500: Which Is Better? A Detailed Comparison

    Coinspot vs Plus500: Which Is Better? A Detailed Comparison

    CoinSpot vs Bittrex Crypto Exchange Comparison

    CoinSpot vs Bittrex Crypto Exchange Comparison

    Review crypto exchanges for Australians: CoinSpot vs BTC Markets

    Review crypto exchanges for Australians: CoinSpot vs BTC Markets

    • Reviews
    • Comparisons
No Result
View All Result
Coin Culture
No Result
View All Result
Home People

Michael Saylor Steps Down As MicroStrategy CEO, Nearly 3 Billion Bitcoin Not For Sale

Cuong Nguyen by Cuong Nguyen
August 5, 2022
in People
Michael Saylor Steps Down As MicroStrategy CEO, Nearly 3 Billion Bitcoin Not For Sale
Share on FacebookShare on Twitter

Microstrategy reveals in a new statement that Saylor will become its new executive chairman on August 8, focusing on innovation and long-term company strategy.

You might also like

Celebs Trolled By Anonymous User Sending ETH From Tornado Cash

Vitalik Buterin: ZK-Rollups To Outperform Optimistic Rollups

Charles Hoskinson Predicts No Further Delays In Cardano’s Vasil Hard Fork

In a statement, the firm says that the executive retains his positions as chairman of the board and head of the investments committee, as well as responsibility for the company’s Bitcoin acquisition strategy.

Michael Saylor steps down as MicroStrategy CEO. Image: Eva Fox

Saylor assumes his new job when Bitcoin trades at a third of its all-time high.

MicroStrategy presently has 129,699 BTC, which it acquired for an average of $30,665 per Bitcoin. The company’s BTC value is approximately $4 billion. Still, as of the time of writing, the flagship cryptocurrency trades for $23,000, reducing the value of the Bitcoin acquired to $2,983,077,000.

According to the recent financial report, the company’s digital asset impairment loss for the second quarter of 2022 is $917.8 million. Despite this, MicroStrategy has no immediate plans to sell its crypto holdings.

Saylor believes that separating the responsibilities of the Chairman and CEO would let the company pursue its two corporate ambitions more effectively: acquiring and holding Bitcoin and expanding its enterprise analytics software business. As Executive Chairman, he will be able to devote greater attention to Bitcoin acquisition strategy and associated Bitcoin advocacy efforts.

Tags: Altcoin NewsFeature
Cuong Nguyen

Cuong Nguyen

Cuong Nguyen is Coin Culture's managing editor for people and market, covering opinon, interview and market analysis. He owns Near, Aurora and Chainlink

Recommended For You

Celebs Trolled By Anonymous User Sending ETH From Tornado Cash

by Cuong Nguyen
August 11, 2022
0
Celebs Trolled By Anonymous User Sending ETH From Tornado Cash

On Tuesday, an anonymous user sent some Tornado Cash transactions to high-profile Ethereum addresses in what looks to be a troll attempt to implicate them in a potential...

Read more

Vitalik Buterin: ZK-Rollups To Outperform Optimistic Rollups

by Cuong Nguyen
August 10, 2022
0
Vitalik Buterin: ZK-Rollups To Outperform Optimistic Rollups

During ETHSeoul on Friday evening, Ethereum co-founder Vitalik Buterin projected that ZK-Rollups would win the Layer 2 scaling warfare against Optimistic Rollups. Buterin stated at the event that while Optimistic...

Read more

Charles Hoskinson Predicts No Further Delays In Cardano’s Vasil Hard Fork

by Cuong Nguyen
August 6, 2022
0
Charles Hoskinson Predicts No Further Delays in Cardano’s Vasil Hard Fork

The Vasil update for Cardano has been postponed by several weeks to allow a seamless transition for end users. Input Output Global (IOG) CEO Charles Hoskinson feels things...

Read more

Voyager CEO Sold Over $30M In Stock Sales Before The Firm’s Insolvency

by Cuong Nguyen
August 5, 2022
0
Voyager CEO Sold Over $30M In Stock Sales Before The Firm’s Insolvency

The bitcoin loan company Voyager Digital engaged in insider trading before its bankruptcy filings, leading to consumers losing their investments. CNBC revealed on August 3 that the CEO of...

Read more

Over 16K Votes For Petition Requesting SEC Chairman’s Resignation

by Cuong Nguyen
August 5, 2022
0
Over 16K Votes For Petition Requesting SEC Chairman's Resignation

SEC Chair Gary Gensler has been criticised for his crypto position and regulatory procedures and for establishing aggressive control over cryptocurrencies by designating them as securities and ignoring...

Read more
Next Post
Voyager CEO Sold Over $30M In Stock Sales Before The Firm’s Insolvency

Voyager CEO Sold Over $30M In Stock Sales Before The Firm’s Insolvency

Most popular

  • Will LUNA Recover? Is $1 Still Possible?

    Will LUNA Recover? Is $1 Still Possible?

    224 shares
    Share 90 Tweet 56
  • Top Crypto Twitter Influencers in 2022

    745 shares
    Share 298 Tweet 186
  • The Secret Disclosed: JPMorgan owns critical Ethereum infrastructure

    280 shares
    Share 112 Tweet 70
  • Charles Hoskinson Predicts No Further Delays In Cardano’s Vasil Hard Fork

    78 shares
    Share 31 Tweet 20
  • Top 10 Most Followed Cryptocurrency Hashtags on Twitter

    201 shares
    Share 80 Tweet 50

Recommended

“My First Bitcoin” in El Salvador: How To Educate A Nation About Crypto

“My First Bitcoin” in El Salvador: How To Educate A Nation About Crypto

August 12, 2022
Mark Cuban: Purchasing Metaverse Real Estate Is ‘The Dumbest Sh*t Ever’

Mark Cuban: Purchasing Metaverse Real Estate Is ‘The Dumbest Sh*t Ever’

August 12, 2022
Bitcoin and Ethereum Fluctuate In Response to US Inflation’s Cool To 8.5%

Bitcoin and Ethereum Fluctuate In Response to US Inflation’s Cool To 8.5%

August 12, 2022
Iran Places First Import Order Paid In Crypto, Worth $10M

Iran Places First Import Order Paid In Crypto, Worth $10M

August 11, 2022
Facebook Twitter Instagram
coin culture logo

Hot Topics

  • DeFi
  • NFT
  • Gaming

BROWSE BY TAG

Adoption Altcoin News Australia Banks Bitcoin Bitcoin News Blockchain News btc Business Cardano Cardano News CBDC China CoinSpot Cryptocurrencies Crypto Exchange DeFi Dogecoin News El Salvador ETF Ethereum News Exchange Exchanges Feature Games Markets Metaverse Mining NFT NFT Game Opinion People Policy and Regulation Russia SEC Security Shiba Inu News Solana Stablecoins Tax Tech Terra Trading Trading Guide U.S.

© 2022 CoinCulture. All rights reserved.

No Result
View All Result
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Metaverse
    • Forecast
  • Exchanges
    • Reviews
    • Comparisons

© 2022 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist