MicroStrategy Continues Bitcoin (BTC) Strategy Despite Loss and CEO Change

Famous software company Microstrategy, known for its famous CEO Michael Saylor, who defines himself as a Bitcoin (BTC) Maximalist, announced that it will not give up its Bitcoin (BTC) strategy despite the high loss it announced in the second quarter and the change of CEO.

MicroStrategy, on August 2 In the 2022 second quarter financial reports announced after the closing of the US stock markets, Bitcoin (BTC) loss of value $917.8 million stated that. In addition, CEO Michael Saylor announced in the Earning Call broadcast on August 8 that he will resign from his position as CEO and will chair the investment committee of the firm.

In the second quarter of its financial reports, the company $20,790 average with 480 Bitcoins He said he bought more. According to the announced reports, at the end of the second quarter of 2022, MicroStrategy’s 129,699 He has Bitcoin. These Bitcoins 14,589 of them MicroStrategy while retained in accounts 115,110 Bitcoins subsidiary of the company MacroStrategy stored in your accounts. The company’s 30,664 dollars held by the average 129,699 from bitcoin 917.8 million dollar loss in the first quarter 425 million If we take it together with the loss of $ 2022, in the first half MicroStrategy’s total from Bitcoin 1 billion 342 million It has losses at dollar levels.

The company also sacked CEO Michael Saylor. resignation by To the Investment Committee announced that he would preside. Famous CEO resignation for Bitcoin increase advocacy efforts He said he did it on his behalf. In addition, this role change profitable for all stated that it would.

The new CEO of the company former CFO (Finance manager) Phong Le announced as. Le said in his statements that the company’s long-term Bitcoin goals there will be no change explained.

New CFO Andrew Kang On the other hand, only 129,699 Bitcoins of the company 44,640 of them are under mortgage against possible declines and volatility by stating that have sufficient assets to be collateralized stated that you are.

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