Strategy Slides 7% as Q3 Revenue Misses and CFO Kang Exits
MSTR sits 61% above its 52-week low of $81.81.
Summary
Strategy posted Q3 revenue of $125.4 million, short of the $127.17 million consensus and down from $128.69 million a year earlier. The $44.75 EPS is entirely a function of the $20.91 billion digital asset mark-up disclosed in Thursday's 8-K, not operations. CFO Andrew Kang steps down Nov. 5, with Reza Virasteh taking over Jan. 1, 2027 and CEO Phong Le covering the gap — a leadership hole at the company most levered to bitcoin. Layered on top: Binance disclosed a $6.3 billion hack, the largest crypto theft on record, and bitcoin sold off, hitting Strategy's 848,517 BTC stack. Shares are down about 6-7% premarket at roughly $132.78.
At the time of this announcement, MSTR was trading at $131.56 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $59.8B. The 52-week trading range was $81.81 to $286.18. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.