Bitcoin Firm's CFO Departs Amid Financial Shifts

Andrew Kang, CFO of Strategy, is resigning from his position after over four years, effective November 6, 2026. He is also relinquishing his principal accounting officer duties, with his departure from the company expected by the end of 2026 after serving as an advisor. CEO Phong Le will temporarily manage the CFO responsibilities from November 6, 2026, through December 31, 2026.

Effective January 1, 2027, Reza Virasteh will assume the CFO role, alongside his current VP of operations title, and will also serve as co-principal financial officer with Le. Concurrently, Shelley Khanna, the global controller, will become chief accounting officer and principal accounting officer starting November 6, 2026.

These leadership changes occur as Strategy reported positive financial performance in its third quarter of 2026. The company announced a net income of $19.53 billion for Q3 2026, a significant increase from $2.79 billion in the same period of the prior year. Operating income also reached a historical high of $21 billion in Q3 2026, compared to $3.89 billion in the prior year.

CEO Michael Saylor expressed strong optimism about Bitcoin's future, believing the market is at the dawn of a new bull run, with factors like increasing bank adoption and institutional demand contributing to its growth. The company, identifying itself as a "bitcoin treasury company," is also implementing daily dividends on its STRC shares, aiming to align with a tokenized financial system.