Michael Saylor Steps Down, MicroStrategy Gets New CEO !

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Michael Saylor to accept the role of executive chairman after stepping down as CEO of MicroStrategy.

Saylor aims to  focus more on the company's Bitcoin acquisition strategy and other initiatives related to the largest cryptocurrency.

The CEO position is handed over the baton to top executive Phong Le, who has served as the company's president since July 2020.

Saylor believes that company can pursue its core corporate strategies in a more efficient way by splitting the roles.

Following the announcement, MicroStrategy shares dropped nearly 2 % for short term.