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    • Michael Saylor Quits As MicroStrategy CEO After Bitcoin Losses
      • The announcement came as the company reported its second-quarter earnings. According to the company's financial statements, it lost $1.062 billion mostly due to impairment charges of $917 million related to its Bitcoin holdings.
      www.investopedia.com/michael-saylor-quits-6363007

      Michael Saylor Quits As MicroStrategy CEO After Bitcoin Losses

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  3. www.investopedia.com › michael-saylor-quits-6363007Michael Saylor Quits As MicroStrategy CEO After Bitcoin Losses

    Aug 3, 2022 · According to the company's financial statements, it lost $1.062 billion mostly due to impairment charges of $917 million related to its Bitcoin holdings. Being a Bitcoin advocate,...

  4. www.independent.co.uk › tech › bitcoin-ceo-michaelBitcoin CEO steps down after losing his company $1 billion

    Aug 3, 2022 · That meant that when the price of the currency crashed in weeks, the company was hit by huge losses. Its latest earnings showed a loss of $1.062 billion – almost entirely down to a $917 million...

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  6. www.theverge.com › 2022/8/2 › 23289397MicroStrategy CEO Michael Saylor steps down to “focus” on ...

    Aug 2, 2022 · It noted a loss of $1.062 billion, mostly due to an impairment charge of $917 million based on the value of its Bitcoin holdings, which have plunged since the price peaked...

  7. fortune.com › crypto › 2022/08/02MicroStrategy founder Michael Saylor steps down as ... - Fortune

    Aug 2, 2022 · MicroStrategy said co-founder Michael Saylor will no longer serve as chief executive officer and will assume the new role of executive chairman as the enterprise-software maker reported a...

  8. www.bnnbloomberg.ca › microstrategy-s-saylor-dropsMicroStrategy’s Saylor Drops CEO Role as Company Posts $1 ...

    Aug 2, 2022 · Analysts polled by Bloomberg expected revenue of $123.25 million in the second quarter. Net quarterly loss of $1.062 billion compared with a loss of $299.3 million in the same quarter of last year. Saylor has been CEO of MicroStrategy since founding the company in 1989.

  9. www.thehindu.com › sci-tech › technologyMichael Saylor steps down as CEO of MicroStrategy as losses ...

    Aug 3, 2022 · Net losses were also high, as the total came to $1.062 billion this quarter when compared to $299.3 million for the second quarter of 2021. Mr. Saylor founded MicroStrategy and has served as...

  10. dailycoin.com › michael-saylor-steps-down-as-ceoMichael Saylor Steps Down As CEO Of MicroStrategy ... - DailyCoin

    Aug 3, 2022 · A major contributor to ‘s $1.062 billion deficit was the $917 million impairment charge based on the value of its Bitcoin holdings, the price of which has plunged more than 65% since its November 2021 all-time high. has been MicroStrategy’s Chief Executive since the company’s inception in 1989.

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