Strategy (NASDAQ: MSTR ) is under renewed scrutiny, with noteworthy insider sales coinciding with ongoing volatility in Bitcoin ( BTC ) markets. Most notably, CFO Andrew Kang has sold 5,597 MSTR shares at prices between $163.98 and $166, according to May 19 SEC filings . Prior to the move, he received 12,500 shares through vested restricted stock units (RSUs). The transaction was valued at approximately $927,866, and it comes just as Strategy stock has fallen nearly 10% over the past month. Following the sale, Kang still retains roughly 33,675 company shares. Andrew Kang stock moves. Source: SEC.gov Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Enable signal Strategy insider sales alert Similarly, director Jarrod M. Patten has also offloaded 5,250 MSTR shares over the past few days, worth $875,087, as per his own filings . The shares were sold at prices ranging from $165.87 to $167 per share, slightly above the stock’s current price of $163. What’s more, the transactions followed the exercise of stock options totaling $97,933, executed at $18.654 per share. Jarrod M. Patten stock moves. Source: SEC.gov Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Enable signal Even after the transactions, Patten retains direct ownership of 28,000 Class A Strategy shares. He also holds 10,000 shares of Series A Perpetual Strife Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 5,000 shares of Series A Perpetual Stride Preferred Stock. Reportedly, the insider sales were executed to cover some of the tax withholding obligations. At the same time, former CEO Michael Saylor is saying that Bitcoin is going to rally soon and promises the company will be there to buy it. “I think we’ll rally from here…. Our company will probably buy all of the Bitcoin that gets produced by the miners between here and the year 2140,” Saylor told CNBC . MSTR shares are changing hands at $163 at the time of writing, down roughly 1% on the daily chart after trading between $162.4 and $168.71 during the previous session. Featured image via Shutterstock The post Strategy insiders dump MSTR shares amid Bitcoin weakness appeared first on Finbold .
