Strategy CFO resigns as company posts record quarterly profit. MSTR stock falls 6%
Bullish strength: 35/100
- Strategy reported approximately $21 billion in third-quarter operating income.
- The company raised $21 billion in capital year to date.
- Strategy held 848,517 BTC as of Oct. 25, up 26% since the start of the year.
- The company said Kang's resignation was not related to disagreements over operations, policies or practices.
Bearish strength: 65/100
- MSTR common shares fell 6.4% in pre-market trading.
- CFO Andrew Kang is resigning, creating a finance leadership transition.
- Strategy's finance responsibilities will be divided between CEO Phong Le and incoming co-principal CFO Reza Virasteh.
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