
MicroStrategy Insiders Sell Big: CEO Phong Le and other executives have sold over $13.6M in MSTR stock, raising concerns about internal confidence.
Bitcoin Accumulation Continues: Despite insider selling, MicroStrategy nears 600K BTC holdings as Saylor hints at another major Bitcoin purchase.
MicroStrategy CEO Phong Le has offloaded most of his MSTR stock over the past three months. This has raised concerns across the crypto market. He has sold over $3 million worth of MSTR stock in recent months.
Insiders Offload $13.6M With No Buying
On June 18, Phong Le disposed of 8,400 shares of Class A stock, though he still holds over 16,000 shares, plus 10,500 in preferred shares across two series. Microstrategy insiders have sold a combined $13.6 million worth of stock, with no buying. Other key executives have also been offloading shares.
Last week, MicroStrategy Director Rickertsen also sold nearly 70% of his $MSTR shares. He sold 26,390 shares for over $9.8 million, while Patten offloaded 9,550 shares for $3.5 million.
Why Hold MSTR If Bitcoin Is the Superior Asset?
Experts are asking if Bitcoin is the ‘superior asset,’ as Saylor claims, then why buy MicroStrategy stock at all. Investors might eventually realize this and choose to buy Bitcoin directly, while insiders quietly use MSTR as a way to cash out.
Given the companyโs deep ties to Bitcoin, this insider dump is prompting questions about the companyโs internal confidence and future outlook. However, some long-term holders argue that it is just routine transfers and not a sign of lost confidence.
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However, MSTR is up 27% year-to-date, beating the broader market, and MicroStrategyโs Bitcoin stash is now nearing 600,000 BTC.ย
Saylor Hints at Another Bitcoin Buy
Recently, Saylor shared the companyโs BTC tracker on X, showing that they are just 7,655 short of 600K. His posts usually come right before a new purchase. Last week, it added $26M worth of BTC, and another buy could mark its record 12-week streak. With over $21B in unrealized profit, Strategy shows no signs of slowing its Bitcoin accumulation.
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FAQs
Despite recent insider sales, MicroStrategy’s Bitcoin accumulation strategy shows no signs of slowing down. The company recently added $26 million worth of BTC, nearing 600,000 BTC total. Michael Saylor’s posts often precede new purchases, indicating continued commitment.
While insider selling raises questions about internal confidence, it doesn’t necessarily signal a shift away from Bitcoin reliance. MicroStrategy continues to actively acquire Bitcoin, leveraging equity offerings to fund these purchases and maintaining its “Bitcoin-first” treasury strategy.
Long-term investors remain optimistic about MicroStrategy due to its sustained Bitcoin accumulation and MSTR’s strong year-to-date performance (up 27%). They view the company as a leveraged play on Bitcoin’s long-term appreciation, often dismissing insider sales as routine or profit-taking rather than a loss of confidence.