Key Highlights: Strategy acquired 811 additional Bitcoin and executed a $208 million repurchase of STRC shares, bringing its total treasury to 849,327 BTC alongside $4.9 billion in USD assets. The enterprise software and Bitcoin treasury firm posted a massive $19.5 billion in net income for the third quarter. Executive Vice President and Chief Financial Officer ...
Key Highlights: Shares of crypto infrastructure firms dropped sharply—including IREN sliding over 10% and Figure Technology Solutions dropping roughly 9%—following Binance confirming a historic $6.3 billion hack. Coinbase posted $719 million in Q3 net income, bolstered by $715 million in crypto investment gains, despite net revenue dropping 34% year-over-year. Strategy posted $19.53 billion in Q3 ...
Key Highlights: Strategy Chief Financial Officer Andrew Kang resigned for personal reasons, with his departure effective Nov. 5, remaining in an advisory role through Dec. 31. Executive Vice President of Operations Reza Virasteh will step into the CFO position on Jan. 1, sharing co-principal financial officer duties alongside President and CEO Phong Le. The executive ...