Strategy CFO Andrew Kang resigns; MSTR falls 6.4% after record quarter
Briefing by News4U · First published
Strategy said in a Thursday filing that CFO Andrew Kang resigned for personal reasons and will step down on Nov. 5, remaining an adviser through Dec. 31. The company said the decision was not the result of any disagreement relating to operations, policies or practices. Reza Virasteh, EVP of operations, will replace Kang on Jan. 1 as co-principal financial officer alongside CEO Phong Le. Strategy reported approximately $21 billion in third-quarter operating income, raised $21 billion in capital year to date, and held 848,517 bitcoin as of Oct. 25, up 26% this year. MSTR common shares fell 6.4% in pre-market trading Friday; STRC preferred stock was flat at $99.45, CoinDesk reported. [1]
Sources
- CoinDesk: Andrew Kang resigned and will step down on Nov. 5
CoinDesk · · Excerpt