[anonporridge]

Michael Saylor, the CEO, holds 70% of the voting shares.

All the other shareholders can kick and scream all they want, but Saylor controls the ship. The only power others have is to exit the ship by selling.

Every indication is that Saylor would hold bitcoin into the ground, unless he's totally full of shit. Their main business is still generating enough cash to pay the loans, so where's the pressure to sell?

[cocktailpeanuts]

They will have to sell if the Bitcoin price goes down enough that their measly revenue from their obscure enterprise software can't cover the loss from their Bitcoin investment.

He can keep holding, but it will lower the morale of the employees as well as himself. Unless you think Microstrategy has completely become a hedge fund, they have products to build and they will even lose what's left of their customers if things go bad. You really think the guy can keep holding when he lost hundreds of millions of dollars through BTC? (At the moment he's still in the positive even after the crash, but I'm talking about when it goes down further) Also he can and likely will get into trouble with the SEC when things get bad.

This is not the first time Saylor did stuff like this. https://www.computerworld.com/article/2589923/update--micros...

[nly]

They could try and sue him