Michael Saylor is no longer the CEO of MicroStrategy. This is what the media peddled yesterday after the release of a press release from the company. From now on, he will devote himself to activities of buying bitcoins, and will occupy the position of Executive Chairman of MicroStrategy. To say that Vitalik Buterin had just called him ” total clown “.
MicroStrategy CEO Saylor demoted?
In 1989, Michael Saylor founded MicroStrategy, a company specializing in business intelligence software. Since then, he has been its general manager.
But the nasty blows received by his company against a backdrop of bear run didn’t fix things. This is despite a series of massive bitcoin purchases and Saylor’s role as a bitcoin advocate for some time.
The balance sheet is heavy for the company: drop in MSTR stock to more than 48%, loss of nearly 1.5 billion dollars associated with the collapse of the BTC, etc.
Just yesterday, the business intelligence firm issued a statement stating that Michael Saylor no longer holds the title of CEO of MicroStrategy. However, we did not kick him out. As an accompanying measure, the title of Executive Chairman falls to him, with the main role of buying bitcoins on behalf of the company.
Saylor explains:
” I believe separating the roles of Chairman and CEO will allow us to better pursue our two business strategies of acquiring and owning bitcoins and growing our business analytics software business. As Executive Chairman, I will be able to focus more on our bitcoin acquisition strategy and related bitcoin promotion initiatives. While Phong will be empowered, as CEO [de MicroStrategy]to manage all of the company’s operations. »
Vitalik Buterin takes it for a “ total clown »
Last Sunday, Vitalik Buterin, the man who predicted Meta’s failure, made unflattering comments on Twitter about the ex-CEO of MicroStrategy. Here is what he said:
” Why do maximalists keep choosing heroes who turn out to be total clowns? »
Of course, it was Michael Saylor he had in his sights. The cause ? The latter has been criticizing Ethereum and its co-founder lately.
As a reminder, the former CEO of MicroStrategy claimed in a recent video that securities laws are rooted in the “Decalogues” (the ten commandments of the Bible). And in his eyes, Ethereum is the type to break these laws and lack ethics.
” For it to be a commodity, there can’t be an issuer, and the truth is, you can’t really make decisions. I mean one of the fundamental ideas in the crypto industry is that the fact that you can change it, is what makes it a security “said the man who considers Ethereum as a security.
To drive the point home, he blew, during the Blockhain Economy conference in Istanbul, that ” ‘Ethically sound’ means I need to know no one can change [le protocole]which includes Vitalik “.
And these comments from the ex-CEO of Microstrategy did not fail to irritate Vitalik Buterin and his whole band. So, for the moment, we are only at the beginning of a long series of verbal brawls between these 2 icons of the crypto universe. All that is missing is the opinions of pro-cryptos Elon Musk and Jack Dorsey to make things worse and it will be total disaster. In the eyes of no-coinersthis is indeed another weapon to be used against enthusiasts.
Sources: Forkast ; CNBC ; Mashable India
Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Tremplin.io!
