MicroStrategy Insiders Sell $13.6M in Stock Despite Bitcoin Surge
As Bitcoin continues its rally, insiders at MicroStrategy have sold off millions of dollars worth of company stock, raising eyebrows across the financial and crypto markets.
MicroStrategy CEO Phong Le has sold more than $3 million in company shares over the last three months. His most recent sale, filed on June 18, included 8,400 Class A shares, while he retains 16,000 shares and 10,500 preferred shares. In total, MicroStrategy insiders have offloaded $13.6 million worth of stock recently with no reported insider purchases.
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Last week, Director James Rickertsen reduced his stake significantly, selling 26,390 shares worth $9.8 million, while Executive VP Timothy Patten sold 9,550 shares for $3.5 million.
Growing Questions Around Insider Moves
These moves have sparked fresh debate among investors. If Bitcoin is the superior asset as claimed by MicroStrategy’s Chairman Michael Saylor then why are key insiders exiting their equity positions in a company whose value is deeply tied to Bitcoin?
“Why hold MSTR when you can just hold BTC directly?” some analysts ask. “If insiders are cashing out, it could hint at a shift in internal confidence or simply profit-taking during a bullish market cycle.”
Some long-term shareholders argue the sales are routine and not necessarily a sign of concern, though the absence of any insider buying adds to the market’s speculation.
Bitcoin Holdings Approach 600,000 BTC
Despite the sell-offs, MicroStrategy’s Bitcoin accumulation continues at pace. The company now holds over 592,000 BTC, just 7,655 shy of the 600,000 milestone. Its latest purchase included $26 million in BTC, and if the trend continues, it could mark 12 straight weeks of acquisition a new record.
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Michael Saylor recently posted an updated Bitcoin tracker on social media platform X, often seen as a precursor to another large-scale purchase. With over $21 billion in unrealized gains, MicroStrategy remains the largest publicly traded corporate holder of Bitcoin globally.
The company’s stock (MSTR) is up 27% year-to-date, outperforming many peers in the tech and financial sectors.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
