Roma saylor7/2/2023 The fact that the company has managed to pull itself out of the doldrums and ultimately pay off one of its biggest loans is a good sign that things are perhaps picking up not just for the enterprise, but for the digital currency space. The bitcoin-related decisions made by Saylor led to his official step down from the CEO position he had held with the company for over 30 years, and he switched over to the role of executive chairman. Institutional players like MicroStrategy suffered greatly. The price of bitcoin was hit extremely hard and wound up losing more than 70 percent of its value over the course of 12 short months, falling from its new all-time high of $68,000 per unit (achieved in November of 2021) and dipping into the mid-$16K range by the end of 2022. Saylor and MicroStrategy were literally billions of dollars in debt in 2022 thanks to the ongoing bear run. On the one hand, this is a positive story. Michael Saylor – the man behind software giant MicroStrategy and a major crypto bull – has paid off a $200 million+ loan obtained from the now failed crypto bank Silvergate and has purchased even more bitcoin units, thus bringing the company’s total BTC holdings to nearly $4 billion. Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up
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