Michael Saylor, one of the most prominent bitcoin backers in corporate America, handed the chief executive officer role at MicroStrategy (MSTR) to a deputy and became executive chairman, putting his focus exclusively on hoarding cryptocurrencies.
He founded the company in 1989 as a software developer, but in recent years began buying billions of dollars of bitcoin with MicroStrategy’s money — much of it borrowed through debt sales. Phong Le, who had been the company’s president, is the new CEO, according to a statement Tuesday.
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