Strategy reported $19.53 billion in Q3 net income, driven by a $20.91 billion Bitcoin gain, as BTC Yield fell 3.7% and CFO Andrew Kang prepared to exit.
Strategy CFO Andrew Kang steps down November 5 as a $20.91 billion bitcoin gain lifts Q3 operating income to a record. Reza Virasteh takes over in 2027.
Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC.
The company spent $2.04 billion buying back STRC through Oct. 25, while preferred dividends totaled $419.6 million in the quarter.... Read the full story at The Defiant
Strategy shares fell 1.35% ahead of its third-quarter earnings report, with investors also watching its Bitcoin holdings and preferred stock changes.
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