
MicroStrategy Makes New Bitcoin Acquisition Worth $147.3M
The decision to purchase more Bitcoin demonstrates MicroStrategy’s belief in the long-term viability and value proposition of the leading cryptocurrency.
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
2279
$1.2 B
MicroStrategy Incorporated - Chairman, President
Saylor Academy - Founder
The Federal Group, Inc.
DuPont - Internal consultant
The decision to purchase more Bitcoin demonstrates MicroStrategy’s belief in the long-term viability and value proposition of the leading cryptocurrency.
The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy.
While Coinbase is still planning to leverage the Bitcoin Lightning Network, the company’s rival Binance already completed the integration of the L2 network last month.
MicroStrategy, under the leadership of Chairman Michael Saylor, has shown continued interest in the flagship cryptocurrency.
MicroStrategy is currently the largest corporate holder of Bitcoins with its total BTC holdings at 152,333.