---
title: "Strategy tumbles 8% as Q3 revenue misses and CFO departs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303758513.md"
description: "Strategy fell 8.43% to $129.68 as Q3 revenue of $125.4 million missed estimates amid a CFO change and a Binance hack."
datetime: "2026-10-30T13:32:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303758513.md)
  - [en](https://longbridge.com/en/news/303758513.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303758513.md)
generator: "portal-rs"
---

# Strategy tumbles 8% as Q3 revenue misses and CFO departs

Strategy (MSTR.US) tumbled more than **8%** during regular trading to **$129.68**.

The application software industry index fell 1.1% over the same period.

The company reported third-quarter revenue of **$125.4 million**, down about 3% from a year earlier and below the analyst consensus of approximately **$128 million**. Strategy also announced that Chief Financial Officer Andrew Kang has departed and will be succeeded by Reza Virasteh.

A roughly **$6.3 billion** hack at Binance triggered a broader cryptocurrency market selloff, further weighing on the stock.

Separately, Strategy paused bitcoin purchases last week and instead used about **$204.9 million** to repurchase preferred shares, ending a five-week buying streak. MSCI is set to announce index rebalancing results on Nov. 11; exclusion could trigger an estimated **$2.8 billion to $8.8 billion** in passive outflows.

Based on public media reports. AI-generated; not investment advice.

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## Related News & Research

- [Binance’s Teng Says ‘Your Assets Are Safe,’ Targets Withdrawals Within 40 Hours](https://longbridge.com/en/news/303784950.md)
- [Binance restores 90% of stolen crypto assets](https://longbridge.com/en/news/303836111.md)
- [After Binance’s $6.3 Billion Hack, Now a Crypto Wallet Firm Issues Urgent Security Alert Over Suspected Hardware Tampering](https://longbridge.com/en/news/303726350.md)
- [Earnings to watch: Strategy (MSTR) reports Q3 results tomorrow](https://longbridge.com/en/news/303320501.md)
- [MSTR Stock Is Down 44% in a Year, but Michael Saylor Says Strategy Doesn’t Need Bitcoin Or Equity to Do the ‘Heavy Lifting’](https://longbridge.com/en/news/303701275.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**