Strategy insiders are massively selling their shares, cashing out over 10 million dollars.

Gate News bot message, Michael Saylor’s Strategy is facing a large-scale sell-off by insiders. Board member Carl Rickertsen has sold all his shares in the company, cashing out over 10 million dollars.

Rickertsen purchased $700,000 worth of MSTR shares in 2022. Later, he sold part of his holdings in 2023 and has now completely liquidated the remaining shares. Additionally, Rickertsen exercised stock options and sold shares on the same day, which some analysts interpreted as a lack of long-term confidence. Despite the significant increase in Bitcoin holdings by Strategy this year (2025), there have been no insider purchases of MSTR stock. On the other hand, there have been 26 insider sales of stock so far this year, exceeding the purchase amount of $864 million.

Recent insider selling has raised concerns among existing retail investors. Despite Strategy purchasing Bitcoin, MSTR’s stock price has still fallen by 10% over the past month. On the other hand, other companies that have adopted similar Bitcoin strategies, such as Metaplanet, have seen their stock prices rise significantly, increasing by 152% in the last month.

Source: Protos