MicroStrategy’s Michael Saylor, another bullish and enthusiastic executive on digital assets, announced last week he would step down from his role as CEO and transition to become the executive chairman.
The move followed a digital-asset impairment charge of $917.8 million that stemmed from the firm’s massive bet on bitcoin, which has declined from its highs above $68,000 to about $24,198 as of the writing of this article.
