The company’s president, Phong Le, is set to assume the chief executive role as Saylor becomes executive chairman
MicroStrategy, led by bitcoin bull Michael Saylor, has proven to be “reckless” with portfolio management, market analyst says
The company’s stock fell Monday after crypto lending platform Celsius announced it would pause withdrawals
MicroStrategy’s CEO calls US Treasury Secretary’s speech on digital assets last week a “green light” for the crypto economy
The $205 million loan can be used to purchase more bitcoins or for general corporate purposes
MicroStrategy bought 10,300 bitcoins in the fourth quarter and an additional 660 in January
Michael Saylor-led firm purchases more of the crypto asset at average price below $50,000
Companies expand footprints through acquisitions, partnerships.
As of today, CEO Michael Saylor says the firm holds 121,044 bitcoins acquired for approximately $3.57 billion at an average price of roughly $29,534 per bitcoin.
Michael Saylor has no intention to stop purchasing bitcoin anytime soon.