Set a Quarterly Profit Record, Strategy Reports Approximately $21 Billion in Operating Profit, CFO Andrew Kang to Depart

Set a Quarterly Profit Record, Strategy Reports Approximately $21 Billion in Operating Profit, CFO Andrew Kang to Depart

2026-11-02 02:48

ChainThink report, according to Bitcoin News disclosing on the X platform, documents filed with the U.S. Securities and Exchange Commission by Strategy reveal that Chief Financial Officer Andrew Kang will depart on November 5.

The company stated that his departure is due to personal reasons and unrelated to corporate operations or policy disagreements. CEO Phong Le will temporarily assume the role of Chief Financial Officer, with Reza Virasteh scheduled to succeed in January 2027.

During this transition, Phong Le will continue to directly oversee the company’s bitcoin reserves, capital markets, and fundraising activities. Strategy reported a quarterly operating profit of approximately $21 billion, a record high, primarily driven by the appreciation in value of its bitcoin holdings.

The company currently holds 848,517 BTC and has raised over $21 billion in capital this year.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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