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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/michael-saylor-loses-control-over-microstrategys-voting-rights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Michael Saylor Loses Control Over MicroStrategy’s Voting Rights</a><br></p>
<p style="text-align: justify">Michael Saylor has lost his voting control over MicroStrategy, resulting in the company losing its status as a “controlled company” on Nasdaq. This development contradicts ongoing plans for Bitcoin purchases, leading to varied interpretations among market participants regarding the implications of this uncertainty.</p>
<h2 style="text-align: justify" id="nasdaq-s-controlled-company-status-and-management-changes">Nasdaq’s Controlled Company Status and Management Changes</h2>
<p style="text-align: justify">The founder of MicroStrategy, Michael Saylor, has seen his voting power drop below 50%. An announcement on November 20 confirmed this decline, with Matt Walsh stating, “Michael Saylor no longer has voting control over MicroStrategy.”</p>
<p style="text-align: justify">This decrease in voting power prevents MicroStrategy from being classified as a “controlled company” by Nasdaq, which requires a shareholder to maintain over 50% voting power. Saylor lost his voting rights due to stock sale agreements, indicating a fundamental change in the company’s management structure.</p>
<h2 style="text-align: justify" id="bitcoin-strategy-continues-as-stock-price-rises">Bitcoin Strategy Continues as Stock Price Rises</h2>
<p style="text-align: justify">Despite the management changes, MicroStrategy continues its Bitcoin purchases without interruption. The company increased its convertible debt from $1.75 billion to $2.6 billion, a move that was positively received and indicates an intent to boost Bitcoin investments.</p>
<p style="text-align: justify">So far, MicroStrategy has purchased a total of 51,780 BTC, spending $4.6 billion. The company remains committed to its Bitcoin strategy, with CryptoQuant CEO Ki Young Ju noting that “MSTR is receiving significant attention from the market in light of its Bitcoin assets.”</p>
<p style="text-align: justify">These developments have contributed to an approximate 10% increase in MSTR’s stock price. The continued investment in Bitcoin has fostered a positive perception among market participants, although the long-term effects of the management changes remain uncertain.</p>
<p style="text-align: justify">MicroStrategy’s Bitcoin strategy is enhancing the company’s market value and its position within the <a href="https://en.coin-turk.com/bittorrent-experiences-notable-price-surge-following-integration-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> sector. The impact of management changes on this strategy will be closely monitored.</p>
<p>The post <a href="https://en.coin-turk.com/michael-saylor-loses-control-over-microstrategys-voting-rights/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Michael Saylor Loses Control Over MicroStrategy’s Voting Rights</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Michael Saylor Loses Control Over MicroStrategy’s Voting Rights

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