MicroStrategy CEO Phong Le Dumps 34% of MSTR Stake – Bullish Exit or Bearish Bet?
MicroStrategy's bitcoin-hoarding strategy just hit a snag—CEO Phong Le cashed out over a third of his holdings. The move sparks questions about conviction in the company's crypto-heavy playbook.
Paper hands at the C-suite? Le's sell-off comes as MSTR shares hover near all-time highs, fueled by relentless Bitcoin accumulation. The filing shows no signs of slowing corporate buys—just a top exec lightening his personal load.
Wall Street's reaction? Predictably muted. Analysts will likely spin this as 'portfolio diversification' while crypto Twitter screams 'weak hands.' Either way, it's a rare chink in MicroStrategy's diamond-armor HODL strategy.
Bonus jab: Nothing says 'belief in blockchain' like dumping shares to lock in fiat profits before quarterly reports drop.
Source: Google Finance
In fact, MSTR stock has continued to rise by 32.55% over the past year, outperforming the overall market. In the meantime, the company is close to 600,000 BTC, which makes it the largest corporate BTC owner in the world.
The insider selling notwithstanding, Strategy is still on a good crypto wave, with bullish investors and a courageous vision of Bitcoin.
Also Read: Michael Saylor’s Bitcoin Strategy Sees $21B Profit
