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Michael Saylor to step down as CEO of MicroStrategy and assume role of Executive Chairman, while Phong Le, current President & CFO, will become CEO and President effective August 8, 2022
MicroStrategy closed August 2, 2022, at $278.26 / share but traded down to $273.87 / share in after hours trading
+16% rally in August 3, 2022 intra-day trading as of this writing
Reported Q2’22 sales of $122mm and EPS of ($94.01) missing consensus of $123mm and ($1.23), respectively
Bitcoin holdings hampered by 2022 digital asset winter and market turmoil
Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research.
Footnotes
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