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Highlights
- Reports suggest MicroStrategy CEO Phong Le offloaded $3M worth of MSTR stock in the last few months.
- Criticism has been fueled by prior insider activities, with director Carl Rickertsen's sale of nearly $10 million in MSTR.
- Michael Saytlor has continued to increase the company's Bitcoin holdings, despite all criticism.
The latest report shows that the Microstrategy President & CEO Phong Le has been offloading his latest MSTR stock holdings over the past three months. Reportedly, Le has offloaded 8,400 shares of the company, raising questions of insider selling. With nearly 200% gains over the past year, the MSTR stock has been struggling to give a strong breakout above $400 currently.
MicroStrategy President Selling MSTR Shares Is Shady
Edward Farina, the head of XRP Healthcare has raised a major red flag with Microstrategy CEO Phong Le selling nearly 8,400 shares of MSTR over the past three months, citing the Form 4 submitted to the U.S. Securities and Exchange Commission (SEC). “This raises serious questions… Absolutely bearish for BTC,” noted Farina.
The latest attack, along with previous reports of MSTR insider selling. As reported by CoinGape, company director Carl Rickertsen has offloaded nearly $10 million of MSTR stock this year in 2025.
As per the above Form 4, Phong Le has gifted 8,400 shares of the company’s stock, as shown by the transaction code “G(1)” for a gift. Importantly, this was not a sale, and the transaction value was recorded at $0. Over the last three months, MSTR share price has struggled to break past $400 levels, and is currently flirting around $383.
Despite this transaction, Le continues to hold a substantial stake in MicroStrategy (Strategy), with over 16,000 common shares and 10,500 preferred shares remaining under his ownership. In his message further, Farina wrote:
“Gifting 8,400 shares at zero value while offloading millions in other transactions is shady behavior. He sold over $3M worth of MSTR stock in the last few months”.
Major Movement Recorded in MSTR Wallets
As per the data from blockchain analytics platform Arkham Intelligence, Strategy recently transferred 7,383 BTC, valued at approximately $796 million, to three new wallets, likely as part of an enhanced custody strategy.
Historically, MicroStrategy’s Bitcoin activity has remained primarily buy-and-hold. The sole exception occurred on December 22, 2022, when the company sold 704 BTC for $11.81 million at $16,776 per coin, only to repurchase 810 BTC two days later for $13.64 million at $16,845 per coin.
Michael Saylor has continued with his Bitcoin accumulation week after week. In a post on Sunday, Saylor also hinted at another purchase announcement on Monday.
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