Strategy has recently experienced a notable increase in insider selling, based on updated disclosures submitted to the U.S. SEC. In June, CEO Phong Le offloaded 8,400 Class A shares—representing around 34% of his directly held stake. He continues to retain 16,390 shares, along with an additional 6,000 and 4,500 shares in two preferred stock classes, labeled “Strife” and “Stride.”
In total, insider sales over the last month have reached $13.6 million, with no recorded instances of insider buying during this period. The activity extends beyond a single executive, involving multiple top-level insiders. These include VP & CAO Jeanine Montgomery, EVP & General Counsel Wei-Ming Shao, CFO Andrew Kang, and board members Carl Rickertsen and Jarrod Patten.
Rickertsen divested 26,390 shares—more than 75% of his holdings—for approximately $9.8 million, while Patten sold 9,550 shares, roughly 60% of his stake, generating over $3.5 million.
Although the volume of these transactions might raise eyebrows, veteran investors suggest they fall under routine portfolio adjustments. Considering Strategy’s substantial market capitalization, the impact of these insider sales on its stock price has been minimal.
Despite insider activity, MSTR shares have climbed 32.55% over the last 12 months, outpacing broader market performance. The firm now holds nearly 600,000 BTC, cementing its status as the world’s largest corporate Bitcoin holder.
Insider sales aside, Strategy continues to ride a strong crypto momentum, backed by optimistic investors and a bold commitment to Bitcoin’s future.
