Why Are MicroStrategy Insiders Selling Millions in Stock While Bitcoin Booms?

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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.

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.

Hey @saylor…. why did your director dump 70% of his $MSTR stock last week???