Catenaa, Wednesday, July 02, 2025- Strategy CEO Phong Le has been actively selling shares of MicroStrategy (MSTR) over the past month, according to filings with the US Securities and Exchange Commission.
Le disposed of 8,400 Class A shares on June 18 but still holds 16,390 Class A shares alongside preferred stock holdings labeled “Strife” and “Stride.”
Insider selling by Strategy executives has totaled nearly $14 million in the last 30 days with no insider buying reported.
Other insiders involved include Vice President and CAO Montgomery Jeanine, EVP and General Counsel Shao Wei-Ming, EVP and CFO Kang Andrew, as well as directors Carl Rickertsen and Patten Jarrod.
Notably, Rickertsen sold 26,390 shares worth over $9.8 million, and Jarrod sold 9,550 shares valued above $3.5 million. Despite the volume, market observers suggest this selling spree is part of routine portfolio management rather than a loss of confidence in the company.
MicroStrategy’s stock has risen 27% year to date, outperforming broader indices. The company continues to increase its Bitcoin holdings, which now approach 600,000 coins, maintaining its position as one of the largest corporate holders of the cryptocurrency.
While the insider selling could raise questions, experts say the transactions have not created notable selling pressure and do not necessarily indicate negative outlooks for MicroStrategy’s future.
