Strategy CFO resigns as company posts record quarterly profit. MSTR stock falls 6%
Source: CoinDesk ·
From the source
Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC. Strategy MSTR Chief Financial Officer Andrew Kang resigned and will step down on Nov. 5, the largest corporate holder of bitcoin BTC $77,633.11 said in a Thursday filing. Kang informed Strategy of his intention to resign for personal reasons on Oct. 26, the company disclosed as it reported its largest quarterly operating income. The decision was “not the result of any disagreement” relating to the company’s operations, policies or practices, it said. He will remain in an advisory capacity through Dec. 31. Reza Virasteh, currently executive vice president of operations, will replace Kang on Jan. 1, serving as co-principal financial officer alongside President and CEO Phong Le, who will oversee the finance organization during the transition. Strategy reported approximately $21 billion in third-quarter operating income. The company said it had raised $21…