{"id":7759,"date":"2022-08-02T23:00:23","date_gmt":"2022-08-02T23:00:23","guid":{"rendered":"http:\/\/ci02a7c67410002662"},"modified":"2025-10-01T12:21:39","modified_gmt":"2025-10-01T17:21:39","slug":"michael-saylor-to-become-executive-chairman","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/michael-saylor-to-become-executive-chairman","title":{"rendered":"Michael Saylor To Change His MicroStrategy Role To Focus On Bitcoin"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>MicroStrategy, the software intelligence firm famously bullish on Bitcoin, <a href=\"https:\/\/www.microstrategy.com\/en\/investor-relations\/press\/microstrategy-announces-separation-of-chairman-and-ceo-roles-and-second-quarter-2022-financial-results\" target=\"_blank\" rel=\"noopener\">announced<\/a> on Tuesday that its CEO Michael Saylor will step down from his current position to assume the new role of executive chairman, effective on August 8. Phong Le, the company\u2019s president, will take on Saylor\u2019s current position.<\/p>\n<p>The move seeks to better separate business concerns as Saylor will head MicroStrategy\u2019s bitcoin-focused division while Le assumes the software intelligence business.<\/p>\n<p>\u201cAs executive chairman I will be able to focus more on our bitcoin acquisition strategy and related bitcoin advocacy initiatives, while Phong will be empowered as CEO to manage overall corporate operations,\u201d Saylor said in a statement.<\/p>\n<p>\u201cI\u2019ll be more effective, Phong will be more effective,\u201d Saylor said in the company\u2019s Q2, 2022, earnings call.<\/p>\n<p>During the firm\u2019s earnings call, Saylor also hinted at new Bitcoin-related initiatives being spun up by MicroStrategy as the management changes become effective.<\/p>\n<p>\u201cWe are uniquely positioned to develop enterprise software that leverages the Bitcoin network,\u201d he said, without providing any further details.<\/p>\n<p>Macroeconomic trends such as the current strong appreciation of the U.S. dollar in recent months pose a bullish case for bitcoin long-term, Saylor explained. The soon-to-be former CEO reasoned that the growing interest from banks to offer bitcoin-related services indicates how interest has kept on growing \u2013\u2013 and is set to further increase in coming years.<\/p>\n<p>Saylor also touched on the recent events influencing and stemming from the slump in the cryptocurrency market in the past quarter. The executive said the failure of companies such as <a href=\"https:\/\/bitcoinmagazine.com\/business\/celsius-files-for-chapter-11-bankruptcy\" rel=\"nofollow\">Celsius<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/business\/voyager-announces-large-exposure-to-three-arrows-capital\" rel=\"nofollow\">Three Arrows Capital<\/a> \u201cremoved unhealthy business practices\u201d from the market and opened the eyes of regulators.<\/p>\n<p>\u201cWe should see regulatory clarity come earlier than expected, and it\u2019s clear that more focus will be placed on digital assets,\u201d Saylor said, adding that such clarity will bring investments into bitcoin from larger institutions which have currently been on the sidelines due to regulatory uncertainties.<\/p>\n<p>Moreover, Saylor highlighted that the company is positioned in BTC for the long term \u2013\u2013 which he sees as a minimum of four years. Future CEO Le added that the company doesn\u2019t plan to sell bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current CEO of MicroStrategy will soon become executive chairman to better focus on the company\u2019s Bitcoin strategy.<\/p>\n","protected":false},"author":2572,"featured_media":5506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[185,186,93],"class_list":{"0":"post-7759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-michael-saylor","9":"tag-microstrategy","10":"tag-news"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/michael-saylor.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=7759"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5506"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=7759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=7759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=7759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}