Share this article
Digital Currency Group Appoints Mark Shifke as Chief Financial Officer
Shifke fills the gap left when Michael Kraines stepped down as CFO in April.
Updated Jul 31, 2023, 5:35 p.m. Published Jul 31, 2023, 5:30 p.m.
Digital Currency Group (DCG) has hired Mark Shifke as chief financial officer, filling the gap left when former CFO Michael Kraines stepped down in April.
The finance department of DCG, which is the parent company of CoinDesk, had been run on an interim basis by Chief Strategy Officer Simon Koster.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
DCG was hit hard by the collapse of the crypto market last year, and its Genesis lending division ended up in bankruptcy court. The company lost $1.1 billion in 2022 amid citing plunging crypto prices and the restructuring of Genesis.
“DCG has long stood out to me as the leading and most well-respected operator, investor, and backer of the brightest minds in the digital asset space,” Shifke said in a statement. “As the industry matures and digital assets continue to gain momentum from institutional stalwarts, I can’t think of a more exciting opportunity.”
Shifke previously served as CFO at Billtrust, which develops accounts receivable–software for companies, and CFO of Green Dot, a mobile-banking company and payments platform used by Apple, Walmart and Intuit.
“Following a comprehensive search for DCG’s next finance leader, I’m proud to welcome Mark Shifke as our new CFO,” DCG founder and CEO Barry Silbert said in a statement.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Hangs on to Spot in Nasdaq 100 Index
The annual Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but bitcoin treasury company Strategy hung onto its spot.
What to know:
- Strategy (MSTR) will remain in the Nasdaq 100 index despite a major reshuffle, which saw several household names dropped.
- The firm's business model, which involves stockpiling bitcoin, has drawn criticism from analysts and index providers, with MSCI considering excluding crypto treasury companies from its benchmarks.
- The Nasdaq 100 rebalance saw six companies dropped and three new additions, with changes taking effect on December 22, but Strategy's bitcoin-heavy strategy secured its spot.
Top Stories
