Strategy disclosed Chief Financial Officer Andrew Kang’s resignation alongside record third-quarter 2026 operating profit.
The company’s shares fell in premarket trading the following day. CoinDesk reported a 6.4% premarket drop in MSTR on October 30, while STRC preferred stock held steady at $99.45.
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CFO transition
Kang informed the company on October 26 that he will leave on November 5, citing personal reasons.
Andrew Kang, Executive Vice President and Chief Financial Officer of the Company, and the Company’s principal financial officer and principal accounting officer, informed the Company of his intention to resign from these positions effective November 5, 2026. Mr. Kang’s decision to resign is due to personal reasons, Strategy said.
The company also confirmed that his departure is not the result of any disagreement over operations, policies, or practices.
Reza Virasteh, Executive Vice President of Operations, wil succeed Kang as co-principal financial officer on January 1, 2027.
He will join President and CEO Phong Le, who will oversee finance operations throughout the leadership transition.
Bitcoin gains drive record result
According to an earnings release by Strategy, the company recorded a $20.91 billion gain on digital assets in the third quarter of 2026. This is up from $3.89 billion recorded a year earlier.
Q3 operating income of $21 billion was the largest ever in Strategy’s history. We’ve also raised $21 billion of equity capital and increased our bitcoin holdings by 26% year-to-date in a challenging Bitcoin market, said Kang.
The company reported a net income of $19.3 billion, as compared to a net income of $2.79 billion a year earlier.
Its total revenue for the third quarter of 2026 fell 3% to $125.4 million.
As of October 30, Strategy holds 848,517 Bitcoin with a total BTC value of $65.6 billion, according to Bitcoin Treasuries data.
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