Michael Saylor will step down as MicroStrategy CEO but remain as executive chair

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Michael Saylor will step down as MicroStrategy CEO but remain as executive chair
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In his new role, Saylor will focus heavily on Bitcoin acquisition and advocacy.

Le was MicroStrategy’s chief financial officer from August 2015 to July 2019 before combining his responsibilities with those as president of the company until May 2022, when he took on the role full time. According to MicroStrategy, Le will continue his duties as both president and CEO “handling day-to-day execution of the company’s corporate strategies” while Saylor will focus on “Bitcoin acquisition strategy and related Bitcoin advocacy initiatives” in his role as executive chair.

MicroStrategy reported it held more than 129,699 Bitcoin — worth roughly $2 billion after considering the company’s cumulative impairment losses — as of June 30, with total revenues for the second quarter of 2022 coming in at $122.1 million compared with $119.3 million in the first quarter. The business intelligence firm

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