Strategy CFO Andrew Kang resigns as company posts record quarterly operating profit
Strategy CFO steps down amid record earnings
Andrew Kang has resigned as chief financial officer of Strategy, the largest corporate holder of bitcoin. Bitcoin is the world's most widely used cryptocurrency. The announcement came as the company reported its highest-ever quarterly operating income.
Kang will officially leave his role on Nov. 5, 2026. He first notified the company of his decision to resign on Oct. 26.
Key facts about the resignation
- Kang resigned for personal reasons, according to a company filing
- The resignation was not caused by any disagreement about operations, policies, or practices
- Kang will remain in an advisory role through Dec. 31, 2026
Leadership transition plan
Reza Virasteh, currently executive vice president of operations, will become co-principal financial officer on Jan. 1, 2027.
He will share the role with President and CEO Phong Le, who will oversee the finance organization during the transition.
Finance duties will be split between the two leaders. Le will keep oversight of bitcoin strategy, capital markets, treasury, and investor relations. Virasteh will mainly manage the finances and budget of Strategy's software operations.
Record quarterly results and bitcoin holdings
Strategy reported about $21 billion in third-quarter operating income, a company record.
The company said it has raised $21 billion in capital so far this year. As of Oct. 25, 2026, Strategy held 848,517 bitcoin, up 26% since the start of the year.
Market reaction
Shares of Strategy, traded under the ticker MSTR, fell 6.4% in pre-market trading on Friday. Bitcoin dropped 3.3% over the same 24-hour period. The company's STRC preferred stock was flat at $99.45.
What is confirmed
- Andrew Kang resigned as CFO of Strategy for personal reasons
- His last day as CFO will be Nov. 5, 2026, and he will advise the company through Dec. 31
- Reza Virasteh and Phong Le will share financial leadership duties starting Jan. 1, 2027
- Strategy reported $21 billion in third-quarter operating income
- The company holds 848,517 bitcoin as of Oct. 25, 2026
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.