In the context of a volatile cryptocurrency market, MicroStrategy's CEO, Phong Le, has consistently sold off most of his MSTR shares over the past three months, with a total value exceeding $3 million. This move raises concerns about internal confidence in MicroStrategy—a company closely tied to Bitcoin with a Bitcoin portfolio nearing 600,000 BTC. This article will analyze the situation of MicroStrategy's shares, the reasons behind the leadership's divestments, as well as the potential impacts on investors and the cryptocurrency market as a whole, based on an in-depth perspective to give you a clearer and more reliable view of the future of MSTR and Bitcoin.
Phong Le and the Sale of MSTR Shares in Recent Months
Phong Le, CEO of MicroStrategy, has sold most of his MSTR shares in the past three months, with the total transaction value exceeding $3 million. On June 18, he continued to sell 8,400 Class A shares, although he still holds over 16,000 common shares and 10,500 preferred shares of two different types. This action is seen as a notable divestment from the company's senior leadership.
Combined with transactions from other executives, the total value of shares sold by MicroStrategy insiders reached $13.6 million without any buybacks occurring. This has sparked much debate regarding the company's credibility in the eyes of investors and the cryptocurrency community.
Other Leaders Have Also Divested MSTR Shares
Alongside Phong Le, MicroStrategy's Director, Mr. Rickertsen has also sold nearly 70% of his held MSTR shares, equivalent to 26,390 shares worth over $9.8 million. Additionally, Mr. Patten also divested 9,550 shares, bringing in about $3.5 million. These transactions add pressure and raise questions about the management's confidence in MSTR shares amid the current cryptocurrency market.
Why Should We Still Hold MSTR Shares While Bitcoin is a Superior Asset?
Many experts question that if Bitcoin is truly the superior asset as MicroStrategy's leaders have claimed, then why do investors still buy the company's shares instead of directly owning Bitcoin? Some opinions suggest that MSTR is used as a tool for leaders to gradually sell shares “silently” without causing significant market volatility.
Nevertheless, some long-term investors believe that the leadership's divestment is a normal transfer activity that does not reflect a loss of confidence in the company or MicroStrategy's Bitcoin investment strategy. Importantly, MSTR shares have grown 27% since the beginning of the year, significantly outperforming the broader market.
Total Amount of Bitcoin in MicroStrategy's Vault Nears 600,000 BTC
MicroStrategy currently owns nearly 600,000 BTC, demonstrating a long-term commitment to the world's leading cryptocurrency. This number makes the company one of the largest institutional investors in Bitcoin globally, significantly adding value to both its portfolio and MSTR shares.
Michael Saylor Hints That MicroStrategy May Continue to Buy Bitcoin
Mr. Michael Saylor, co-founder and board member of MicroStrategy, recently announced the tracking of the company's Bitcoin balance on platform X, showing they are just 7,655 BTC away from the milestone of 600,000 BTC. His shares often accompany new Bitcoin purchase transactions.
Last week, MicroStrategy spent an additional $26 million to purchase Bitcoin, marking 12 consecutive weeks of the company accumulating Bitcoin. With unrealized profits exceeding $21 billion, MicroStrategy continues to demonstrate unwavering determination in its cryptocurrency asset accumulation strategy.
Impact of Long-Term Bitcoin Accumulation Strategy
MicroStrategy's continuous buying strategy contributes to maintaining their position within the Bitcoin community and creates significant influence in the cryptocurrency market. This helps reinforce long-term confidence in Bitcoin's profitability, although it also puts pressure on MSTR stock investors amid short-term volatility.
Source: https://tintucbitcoin.com/nguoi-noi-bo-microstrategy-ban-khi-bitcoin-tang/
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