For the past three months, Strategic CEO Phong Le has been selling MST for the past three months, and for the past three months, according to a filing with the Securities and Exchange Commission (SEC).
Micro Strategy President and CEO Phong Le has sold most of its $MSTR stake over the past three months.
Does that mean https://t.co/isw431yjrh pic.twitter.com/dpzf7goigr?
– FinanceLot (@financelancelot) June 29, 2025
The filing shows that Phong Le disposed of 8,400 Class A common stock on June 18th. After this transaction, Le Phong owns 16,390 Class A common stock directly.
In addition to that, Le Phong owns 6,000 and 4,500 shares of two different preferred stocks (“Stride” and “Stride”).
Strategies have been recorded over the past month $13.6 million The value of insiders that sell without buying.
In particular, this intense insider sales are not limited to just one or two individuals. Strategic insider sales include transactions by VP & Cao Montgomery Jeanine, EVP & Geanaly Counsel Shao Wei-Ming, EVP & CFO Kang Andrew, Carl Rickertsen and Patten Jarrod.
Many of these individual transactions are in considerable amounts. Rickertsen, for example, sold 26,390 shares for over $9.8 million. Finally, Patten sold 9,550 shares for over $3.5 million.
Insiders selling spree does not necessarily indicate a lack of confidence given. However, some of the MSTR stock Hodlers tend to argue that this is a routine practice that doesn’t need to be treated as a bad for the company rather. The total is not important enough to cause serious sales pressure.
MSTR stocks have grown 27% since the start of the year, surpassing the broader market.
The company’s Bitcoin Holdings is currently approaching 600,000 coins.