“Strategy CFO Andrew Kang Resigns Despite Record $21B Operating Income and 848,517 BTC Hold” — what this page in the network covers. Strategy (formerly MicroStrategy) announced the resignation of Chief Financial Officer Andrew Kang, a move that sent MSTR shares down 6% even as the company reported record quarterly results. The firm posted $21 billion in quarterly operating income, driven largely by a change in accounting for its The firm posted $21 billion in quarterly operating income, driven largely by a change in accounting for its massive bitcoin holdings under new fair value rules.
Strategy now holds 848,517 BTC, making it the largest corporate holder of the cryptocurrency. Kang, who had been CFO since May 2024, is departing to pursue other opportunities, with Chief Accounting Officer Jeremy Fox stepping in as interim CFO. The leadership change comes at a pivotal moment as Strategy continues its aggressive bitcoin acquisition strategy, funded through equity and debt offerings. This listing links straight to the original page, where the content is available in full.