Michael Saylor steps down as CEO of MicroStrategy, to buy Bitcoin full time.
It's the news every parent fears:
"Mom, dad...I'm leaving my high paying job to buy Bitcoin full time."
The worlds loudest n' proudest Bitcoin supporter, Michael Saylor is stepping down from his role as CEO of MicroStrategy, to do exactly that .
And if he weren't 57 / leaving his role after holding it for the past 33 years, perhaps there would be cause for concern.
But he is, so there isn't.
Phong Le, the company’s president & CFO, will assume the role of CEO, while Mike takes the new role of 'executive chairman.'
Which is corporate speak for...
Ol' Micky will be narrowing his responsibilities down to two things:
Buying Bitcoin.
Talking about buying Bitcoin.
According to Phong:
"...this is a business-as-usual transition.
We’re very aligned in how to run an enterprise software company and very aligned in our Bitcoin acquisition strategy."
So what's the broader insight here?
Right now (at least, at the time of this writing), there isn't much beyond what we've already covered.
Mick loves Bitcoin and he's turning his entire focus towards acquiring it for himself, and MicroStrategy.
It appears to be a well-planned transition - and one that makes sense for all involved.
(But of course, if any of that changes, we'll let you know).
