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MICROSTRATEGY JUST HIRED A NEW CFO, WHAT'S NEXT?

3y ago
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Micro strategy Inc. Has appointed a new Chief Financial Officer to manage the company's finances. In February Phong Le (current micro strategy CFO) announced the search for a new CFO as Phong Le will have to step down from that role and retain his role as the president. Le stated during the company's first-quarter earnings call on Tuesday that he looks forward to having more time to focus on his role as the company's President, and he will strategically plan on how to run a long-term growth of Bitcoin and BI. The company has been pursuing a Bitcoin-buying strategy since 2020, and has continued to go down on those moves.

Tyson Business Intelligence Software Company said in an earnings report released on Tuesday that Andrew Kang will take up the role of a Senior Executive Vice President and Chief Financial officer on May 9th. In the past year'ss, Kang was the CFO of the Financial Technology Firm Greensk Inc. Which was sold to Goldman Sachs Group Inc. In March.

Fidelity investment announced in the second half of the year a plan to offer products to companies like Plastiks, and SET, along with Microstrategy as the first employer to sign on. Saylor said Microstrategy will continue to buy and hold bitcoin, admitting that the market will help determine the pace of bitcoin purchase. He also said the company will slow down on acquiring Bitcoin (BTC) if the market does not offer them any good opportunity, but when the market presents them with a good opportunity the company will speed up in its bitcoin purchase Saylor said.

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3y ago
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