MicroStrategy’s CEO, Phong Le, gifted 8,400 MSTR shares, drawing attention amid broader executive-level insider activity.
The company shifted 7,383 BTC to new wallets, suggesting a strategic change in asset custody rather than liquidation.
Despite market noise, MicroStrategy continues to hold and accumulate Bitcoin as part of its long-term corporate strategy.
MicroStrategy President and CEO Phong Le has transferred 8,400 shares of MSTR stock over the past three months, according to recent filings with the U.S. Securities and Exchange Commission. The move has drawn attention due to the transaction code “G(1)” recorded in the Form 4, which indicates that the shares were gifted and not sold, with a recorded transaction value of $0.
Although the gifting of shares does not equate to a direct sell-off, the timing and volume have triggered concerns among market watchers. This action follows a broader pattern of insider transactions at MicroStrategy in 2025. Notably, board director Carl Rickertsen offloaded shares worth nearly $10 million earlier this year.
Key Executives Retain Stake
Despite the recent transfer, Phong Le still holds a substantial stake in the company. His current ownership includes over 16,000 common shares and approximately 10,500 preferred shares. However, criticism from industry figures such as Edward Farina, head of XRP Healthcare, has amplified investor concerns. Farina pointed out that Le also sold shares worth more than $3 million in previous months, describing the gifting and selling pattern as suspicious.
The executive stock movements coincided with significant activity in MicroStrategy's cryptocurrency holdings. According to Arkham Intelligence, the company transferred over 7,300 Bitcoin, valued at around $796 million, to new wallet addresses. This shift is believed to be part of an upgraded custody approach.
Historical Buying Pattern Remains
MicroStrategy has maintained a strong Bitcoin acquisition strategy under Executive Chairman Michael Saylor. The only sale occurred in December 2022, when the firm temporarily sold and repurchased BTC to optimize tax positions. Saylor has since continued to emphasize accumulation, hinting at another possible purchase in the coming days.
The MSTR stock price has struggled to sustain momentum above the $400 mark in recent weeks. At present, it is trading around $383, reflecting a pause after nearly 200 percent gains over the past year.
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