Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Microstrategy stock surges by 126% in a month, just after Saylor quit

0
(0)
Microstrategy stock surges by 126% in a month, just after Saylor quit 3

The stock price of Microstrategy is now recovering at a better rate because of the stepping-down decision of Michael Saylor from the role of Chief executive officer.

Microstrategy is a business intelligence firm. Exchange accumulated a total of 129,218 BTC for $3.967 billion. Under the leadership of Michael Saylor, the company added Bitcoin to its reserved balance sheet but due to a significant correction in the price of Bitcoin, the company faced a huge loss. In July, Microstrategy published its earnings report and showed that the company lost $1.062 billion because of the downfall in the price of Bitcoin. 

As we know Michael Saylor is the founder of Microstrategy and also he was CEO a couple of days ago. According to media reports, the majority of the Microstrategy (MSTR) stockholders were against Saylor because the company lost much because of Bitcoin. In short, MSTR stockholders criticized Saylor and raised questions about the company leadership. 

Now Saylor’s position responsibility is under the hand of Phong Le, the company’s current president. And Saylor is the only executive chairman of the software firm. He will now focus mainly on Bitcoin. 

After the decision of Saylor to quit his role as CEO, on 3 August, MSTR’s price soared rapidly to around 15%. Today the current price of MSTR is $313.18 and this price is 20% high over the last 5 day’s trade price. 

Microstrategy stock surges by 126% in a month, just after Saylor quit 2

Microstrategy to use Bitcoin holdings

No doubt that the Bitcoin accumulation plan of former Microstrategy CEO Saylor is better for the long term but here company needed to understand that fluctuations in the price of Bitcoin may not always result in a positive outcome for the company. Here company needed to use its Bitcoin holding to generate extra income.

In the past, Saylor said that the company have no plans to sell Bitcoin, and also Saylor personally believes that Bitcoin is not made to trade.

Once, Saylor said that company may plan to give this Bitcoin as liquidity for other company(s) to generate extra revenue or will develop its own platform to bring new use cases of Bitcoin.

Read also: β€œCrypto Payment” is a problem from a consumer-mindset standpoint, says MasterCard officer

Microstrategy stock surges by 126% in a month, just after Saylor quit

 

https://bitcoinik.com/microstrategy-stock-surges-by-126-in-a-month-just-after-saylor-quit/feed/

https://bitcoinik.com/microstrategy-stock-surges-by-126-in-a-month-just-after-saylor-quit/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

πŸš€πŸš€Get ready for the biggest ICO of 2022.
βœ…ICO starts from August 16, 2022
βœ…ICO= Initial Coin Offering. Where you can purchase tokens at base price.
βœ…ICO has different rounds with different price.
βœ…Round-1 price: $0.0005
βœ…Round-2 price: $0.001
βœ…Round-3 price: $0.002
βœ…Round-4 price: $0.004
βœ…Round-5 price: $0.008

πŸ‘‰ICO will be finished on September 15, 2022.
πŸ‘‰Trading will start after ICO completion.

πŸš€πŸš€EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)πŸš€πŸš€

πŸ‘©πŸ»β€πŸ’»For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

π™π™€π™‚π™„π™Žπ™π™π˜Όπ™π™„π™Šπ™‰ π™‡π™„π™‰π™†πŸ‘‡πŸ½
https://koinswap.io/register?referralcode=CFxqfP
β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

I THINK LAST YEAR OR SO WHEN MY FRIEND SHARE THE LINK OF PLCU TO ME, I INSULTED HIM IN MY HEAD N DIDNT JOIN
*TODAY PLCU IS 70,000$*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat