current position:Home>Phong Le Appoints MicroStrategy CEO, Founder Michael Saylor Continues as Executive Chairman

Phong Le Appoints MicroStrategy CEO, Founder Michael Saylor Continues as Executive Chairman

2022-08-03 11:41:43Sina Finance-Blockchain

Bolian Finance was informed that on August 3, MicroStrategy announced the appointment of company president Phong Le to replace Michael Saylor as CEO, and Saylor will continue to serve as executive chairman.

Michael Saylor has served as MicroStrategy CEO and Chairman of the Board since founding the company in 1989.Phong Le has been President since July 2020 and has held various other senior management positions since joining MicroStrategy in 2015, including Chief Financial Officer and Chief Operating Officer.

Michael Saylor said, "I believe that separating the roles of board chairman and CEO will allow us to better implement two strategies, buying and holding bitcoin, and growing ourAs Executive Chairman, I will be able to focus more on our Bitcoin buying strategy and related Bitcoin advocacy programs, while Phong will be empowered as CEO to manage overall company operations.”

In addition, MicroStrategy announced its second quarter financial results, with a digital asset impairment loss of $917.8 million in the second quarter of 2022, compared to $4.248 in the second quarter of 2021One hundred million U.S. dollars.

As of June 30, 2022, the book value of MicroStrategy's digital assets, including approximately 129,699 bitcoins, was $1.988 billion, reflecting accumulated impairments since purchaseWith a loss of $1.989 billion, the average book value per bitcoin is about $15,326.

Editor in charge: Zhang Jingdi

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