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Michael Saylor Sets The Record Straight About His Resignation!
Michael Saylor made waves yesterday when he unexpectedly stepped down as CEO of Microstrategy, ending his decades-long rein running the data analytics company. Saylor appointed Phong Le as his successor and made it clear that his mission is now to work exclusively on Microstrategy’s Bitcoin strategy. The news of Saylor stepping down brought inaccurate headlines, trolling memes across social media and mixed opinions about the move. Microstrategy’s stock closed up 12% on the day, trading for $313.68, which outpaced Bitcoin, which is only up 1% in the past 7 days, trading for $23,142.67. Saylor didn’t waste any time at his new job as a full-time Bitcoin advocate, as he did the rounds across mainstream media, talking with Fox News and CNBC to clear the air about what’s really going on with the move. Saylor reminded listeners what we pointed out yesterday when news broke, which is that since Microstrategy approached the Bitcoin strategy, their stock is up 100%+ and their brand recognition has skyrocketed.
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