MicroStrategy Chairman.
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company which provides business intelligence, mobile software, and cloud-based services. Saylor authored the 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education. As of 2016, Saylor has been granted 31 patents and has 9 additional applications under review.
As of August 8, 2022, Saylor has stepped down as Microstrategy’s CEO following the loss 917 million dollars in Bitcoin holdings. He was succeeded by Phong Le, president of Microstrategy prior to Saylor stepping down. Saylor led the company as CEO for 33 years.
MicroStartegy Incorporated
Feb 4th, 1965
American
McLean, Virginia, United States
Massachusetts Institute of Technology, S.B., Aeronautics & Astronautics, History of Science - 1983-1987
2354
$1.1 B
MicroStrategy Incorporated - Chairman, President
Saylor Academy - Founder
The Federal Group, Inc.
DuPont - Internal consultant
A close look at the regulatory filing shared by the firm showed that it offloaded a total of 704 Bitcoin units worth approximately $11.8 million.
In contrast to MicroStrategy’s belief that there is no alternative to Bitcoin, the Blockchain Center believes that other cryptocurrencies perform better than that top crypto asset.
MicroStrategy chief Michael Saylor said that the fair value accounting measures by FASB would make it easy for crypto firms to report their losses and gains.
The recent purchase from Microstrategy comes when BTC is under major selling pressure. Currently, the company holds 130,000 Bitcoins in its reserves with an unrealized loss of over $1 billion.
While researchers found 583 scam websites involved with crypto giveaway scams in Q1 2022, another 1,500 were found in Q2.