For anyone who isn’t invested in knowing the expansive cast of characters in crypto’s wild west, Micheal Saylor is probably a name that rings no bells. The Bitcoin maximalist, or “maxi” as it is commonly referred to, has decided to vacate his position as CEO of MicroStrategy, a company he founded in 1989, after leaving a $917.8 million impairment charge on its bitcoin holdings.
In other words, the company’s bitcoin reservations, the bulk of which were acquired over the last two years as an investment asset (under Saylor’s direction, of course), are now worth close to a billion dollars less than what they were purchased for.
