Michael Saylor to step down as MicroStrategy CEO, shift to executive chairman role

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Samael Gomez

Michael Saylor is set to step down as CEO of MicroStrategy and assume a new role as executive chairman, the company’s earnings report revealed Tuesday. The firm, which holds more than 129,699 BTC, said that revenues came in at $122.1 million for Q2, compared with $125.4 million in the second quarter of 2021. Michael Saylor’s firm recently purchased an additional 480 bitcoin worth around $10 million at an average price of $20,817.