MicroStrategy Revenue Chief Resigns: A Shockwave in the Cryptocurrency World

• Kevin Adkisson, the Revenue Chief at MicroStrategy, a company known for its Bitcoin purchases, has resigned.
• Adkisson’s responsibilities will be taken over by the company’s CEO, Phong Le.
• Adkisson’s departure comes amidst MicroStrategy’s renewed Bitcoin purchases, with the company recently announcing the acquisition of an additional 12,333 Bitcoins.

Key Executive Resigns from Bitcoin-Heavy MicroStrategy

Kevin Adkisson, the executive responsible for revenue at MicroStrategy, a company renowned in the cryptocurrency community for its substantial Bitcoin holdings, has resigned from his position. Adkisson has been with the company for approximately seven years. The company’s CEO, Phong Le, will take over Adkisson’s responsibilities.

CEO Phong Le to Assume Adkisson’s Responsibilities

MicroStrategy, a software intelligence firm known for holding Bitcoin on its balance sheet, announced Adkisson’s resignation. The company stated that Adkisson informed them of his decision to resign on Wednesday. It was also mentioned that Adkisson would continue to serve as a non-executive employee in a consulting capacity for an unspecified transition period.

MicroStrategy Continues to Increase Bitcoin Holdings

Phong Le, the President and CEO of MicroStrategy, will assume Adkisson’s responsibilities as the Head of the Sales Organization and the Head of the Sales Function. Adkisson’s departure comes at a time when MicroStrategy is ramping up its Bitcoin purchases. Last month, the company announced that it had purchased an additional 12,333 Bitcoins for a total of $347 million in cash. This brings the company’s total Bitcoin holdings to approximately 152,333 Bitcoins, valued at about $4.6 billion at the current Bitcoin price of around $30,200.