Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


MicroStrategy: Michael Saylor To Step Down As CEO – Full Focus On Bitcoin

MicroStrategy Bought 480 Bitcoin

Support free writers: > send a tip

written by

Michael Saylor will turn more to his Bitcoiner duties after stepping down as CEO of his company, MicroStrategy.

Saylor, will continue to serve as executive chairman and MicroStrategy President Phong Le will take on the chief executive role. 

“As global adoption of digital assets accelerates, this is becoming an ever more expansive job and I am comfortable increasing the scope of my advocacy efforts knowing that the execution of the MicroStrategy business plan rests in the capable hands of Phong,” Saylor said on a conference call after results were released.

Founded in 1989 by Saylor, MicroStrategy went on to acquire immense success and share-value worth billions of dollars in only 10 years.

Saylor being a majority shareholder, earned most of the fortune and climbed up to the billionaire league.

Acquiring $250 billion worth of bitcoin in July 2020, he is the first corporate leader to deploy a bitcoin strategy. A highly contentious move in the eyes of fellow company shareholders, business associates and fans at large who fear bitcoin’s volatility.

MicroStrategy amassed approximately 130,000 bitcoin over the last four years, with the bulk of those purchases being executed at record highs. The company’s share value has dropped nearly 57% in the last year, leaving investors frustrated. On the other hand, investors who are optimistic about the future potential of bitcoin aren’t concerned:

Saylor was heard dismissing bitcoin entirely back in 2013 but quickly became a thought leader after he took the orange pill.

Against all the criticism, he bought more bitcoin to have holdings that in total cost him, by November 2021, north of $1 billion.

Despite bitcoin’s price-value drop to staggering lows over the past eight months, Michael Saylor is not fazed. Being of an engineering background involving the thermodynamics of aeronautics and astronautics, no doubt, he has a strong scientific rationale for why Bitcoin is the future of money and an all wise investment.

He speaks astutely on Bitcoin’s energy-value while on podcasts and while off them, continuously reminds his loyal fanbase on social media to “buy the dip”, stack sats and stay humble.

Currently, the global economy is going through a micro recession wrought by high price inflation (that was caused by poorly managed credit expansion during the pandemic period and way before), the war between Russia and Ukraine, amongst other troubles.

The upswing that bitcoin is expected to exhibit might not be here for a while. Maybe, by spending more time to promote Bitcoin, he hopes to give the currency that much-needed oomph to absorb a critical level of the global economy’s liquid wealth before said economy sinks any further.

This will in turn make for a swift but less painful drop to the bottom of this big bearish cycle before any more time, energy and resources are wasted trying to keep propped up business models, ideas and systems (like Keynesianism) whose time ran out yesterday. 

Fans on Twitter are optimistic that Saylor’s “laser focus” on bitcoin could help bitcoin adoption immensly.

Enjoyed the article?

100% of your tips go directly to [email protected]
Need a wallet? Get it here

⚡️ Tip The Author

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter


This Month on Bitcoin News

Press Releases

Bitcoin News Archive

Support Bitcoin News - Explore Our Shop: