Strategy CFO Andrew Kang resigns as company reports record quarter

Strategy Chief Financial Officer Andrew Kang notified the company of his resignation effective November 5, 2026, for personal reasons as the firm posted $21 billion in Q3 operating income. Kang's departure coincides with SEC disclosures showing Strategy insiders sold nearly $30 million in MSTR stock in 2026, including $5.5 million by Kang. CEO Phong Le will assume principal financial officer duties on November 6, 2026, while executive VP Reza Virasteh will join as co-PFO in January 2027. Strategy holds 848,517 bitcoin.

Andrew Kang's resignation details

• ▪Andrew Kang will remain with Strategy (MSTR) in an advisory capacity through December 31, 2026
• ▪Strategy stated in an SEC filing that Andrew Kang's resignation was not the result of any disagreement regarding the company's operations, policies, or practices
• ▪Strategy Chief Financial Officer Andrew Kang notified the company on October 26, 2026, of his resignation effective November 5, 2026, citing personal reasons

Financial leadership transition

• ▪Strategy said Reza Virasteh will become co-principal financial officer, primarily managing software finances and budget
• ▪MSTR CEO Phong Le will take over as principal financial officer, overseeing finance, bitcoin strategy, capital markets, treasury, and investor relations

Financial performance and bitcoin holdings

• ▪Strategy (MSTR) disclosed that it raised $21 billion in capital year-to-date through October 2026
• ▪Strategy funded its bitcoin purchases and STRC preferred share buybacks in 2026 through heavy shareholder equity dilution
• ▪Strategy reported approximately $21 billion in third-quarter 2026 operating income in a filing on October 29, 2026
• ▪Strategy held 848,517 bitcoin as of October 25, 2026, representing a 26% increase in its holdings since the start of the year

Insider stock sales in 2026

• ▪Strategy insiders sold 227,580 shares of MSTR stock worth nearly $30 million in 2026 prior to CFO Andrew Kang's resignation announcement
• ▪Former Chief Accounting Officer Jeanine Montgomery and General Counsel Thomas Chow sold a combined total of about 1,200 Strategy (MSTR) shares in 2026
• ▪Strategy CEO Phong Le sold 104,593 MSTR shares worth about $12.5 million in 2026, while Director Jarrod Patten sold 77,900 shares worth about $11.4 million
• ▪Departing Strategy CFO Andrew Kang sold 43,897 MSTR shares for approximately $5.5 million in 2026, completing his final transaction on June 9, 2026