Strategy CFO to Step Down as Company Posts Record Operating Income

Strategy said Chief Financial Officer Andrew Kang will step down Nov. 5 as it reported record third-quarter operating income of $20.91 billion, a company record that included a matching gain on digital assets.

Kang informed Strategy on Oct. 26 that he planned to resign, effective Nov. 5. He will remain as an adviser through Dec. 31.

Chief Executive Officer Phong Le will lead the finance organization during the transition. Reza Virasteh is scheduled to become CFO Jan. 1, 2027, and serve as co-principal financial officer alongside Le.

For the quarter ended Sept. 30, Strategy posted net income of $19.53 billion, or $44.75 per diluted share. Net income attributable to common stockholders was $19.12 billion. Revenue was $125.4 million, down 3% from a year earlier. Operating income was $3.89 billion in the year-earlier quarter.

As of Oct. 25, Strategy held 848,517 Bitcoin (BTC), valued at $68.90 billion using a reference price of $81,200 per coin on Oct. 23.