This is news! Michael Saylor, the legendary Bitcoin enthusiast and chairman of MicroStrategy, has lost his decisive vote in the company. MicroStrategy is no longer considered a 'controlled firm' on Nasdaq and is required to undergo a management reorganization.
💡 Why did this happen?
Due to the issuance of additional shares, Saylor's and his affiliates' stake fell below 50%, and he no longer controls the company solely. 🏛️
📊 What does this change?
1️⃣ MicroStrategy must form an independent Board of Directors, Management Board, and Compensation Committee.
2️⃣ New governing bodies may change the company's strategy, including its policy on accumulating bitcoins.
🚀 What about the bitcoins?
Under Saylor's leadership, MicroStrategy became the largest corporate holder of BTC, ensuring the stability of the strategy. But now there is a risk that new decisions may not be as Bitcoin-oriented.
📈 Interesting fact: despite the changes, MicroStrategy entered the top 100 largest public companies in the USA, ranking 97th by market capitalization!
💬 What do you think, will MicroStrategy maintain its Bitcoin strategy or will we see a turnaround? Share your thoughts in the comments! 👇
#MicroStrategy #Bitcoin #MichaelSaylor #CryptoNews #CorporateGovernance
