MSTR Stock Outlook: Strategy CFO Sells $241K in Shares as Price Breaks 4-Month Support

Strategy (NASDAQ: MSTR) stock closed at $117 on Tuesday, June 9, marking the first time it has closed below the $120 support level since February 2026. The fall to $117 occurred the same day that Strategy CFO Andrew Kang sold $241,362 worth of shares.

Strategy shares have now dropped by 40% in just one month, as ongoing insider selling, rising unrealized losses on the company’s 845,256 BTC holdings, and concerns around its preferred STRC stock falling below par continue to increase selling pressure.

Strategy CFO Sells MSTR Shares as Insider Selling Fears Mount

Kang, who not only serves as the CFO at Strategy but also as an executive vice president, sold 1,949 of MSTR’s Class A Common Stock shares for $241,362 on June 9.

Kang did not sell these shares to simply cash out, because the $241,362 that he received from the sale went towards meeting tax obligations after he vested restricted stock units (RSUs) on June 5.

Kang’s sale becomes the second time that a top executive at Strategy is selling MSTR stock to align with tax requirements.

Last week, CoinGape reported that Strategy CEO Phong Le caused insider selling jitters after he sold $11 million in shares to also pay for the taxes that came with him being awarded 190,740 performance stock units (PSUs).

MSTR Stock Falls Below 4-Month Support

The MSTR stock price closed below $120 on June 10, marking the first time that it closed below this psychological support since February 5.

Bears have tested this support of $120 three times between February 12 and April 2, and each time that happened, buyers quickly moved the price back up.

But when Bitcoin fell below $60,000 on June 5 and caused Strategy’s unrealized losses to reach a historic high, panic ensued, and bulls weakened their grip around this support of $120. Selling pressure increased, and the stock moved below $120.

Bears seem to be tightening their grip on MSTR stock because, at the time of writing, the price had dropped by 1.35% in pre-market trading to trade at $115.

The RSI reading of 31 also shows that the momentum is still favoring bears, making recovery less likely to happen soon. The RSI line is also tipping south to suggest sellers are still active.

The OBV line that has been dropping since May 14 further confirms that there has been more selling than buying for three straight weeks.

That means MSTR shares may drop further and possibly retest $100, especially if the sentiment of the broader crypto market does not shift to bullish.

But if this bullish shift happens and MSTR closes above the support level of $120 for three straight days, the stock might resume the journey north to test the resistance at $133.

STRC Trading Below Par Fuels Concerns

Data from STRC.live shows that the STRC preferred shares by Strategy are trading at $96.25 today, June 10, slightly below the par value of $100.

Bitcoin critic Peter Schiff noted that STRC trading below $100 had broken the financing machine that Strategy depends on, and the company would be forced to either sell MSTR or Bitcoin to buy back STRC at a discount.

Despite the disparity adding to the factors weighing on MSTR stock price, Strategy has resumed buying Bitcoin, with the company’s holdings recently reaching 845,256 BTC after buying an additional 1,550 BTC on June 8.