Strategy books record $20.9B Q3 operating income as finance chief Kang leaves

Strategy reported an operating income of $20.91 billion, a record, in the third quarter and announced that Chief Financial Officer Andrew Kang will step down on November 5. Almost all of the quarter’s profit was a paper gain on its Bitcoin. Reza Virasteh takes over finance on January 1, 2027 Kang is leaving as CFO after four and a half years and will be an advisor until December 31. Reza Virasteh, the company’s executive vice president of operations, will become CFO on Jan. 1, 2027. In the meantime, the finance team is run by CEO Phong Le. Le will lead the finances for the bitcoin strategy starting in January and will share principal financial officer duties with Virasteh, according to the Oct. 29 earnings release.

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