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Is Insider Selling at Former MicroStrategy a Red Flag for Bitcoin Bulls?


by Anisha Pandey
for CoinEdition
Insiders at Strategy have sold over $13.6 million in stock over the past few months.
  • Insiders at Strategy have sold over $13.6 million in stock over the past few months
  • The selling comes as the company continues its aggressive Bitcoin accumulation strategy
  • This has created a disconnect between executive actions and the firm’s public thesis

Insider selling at MicroStrategy (now rebranded as Strategy) is stirring unease in the crypto market, particularly among Bitcoin enthusiasts who have long considered the company a proxy bet on BTC. 

Despite the firm’s aggressive Bitcoin acquisition strategy and its dominant position as the world’s largest corporate holder of the cryptocurrency, insiders selling MSTR shares could turn the crypto market participants paranoid.

What Do the Insider Sales Show?

Over the past few months, Strategy insiders have unloaded a notable amount of stock — without a single insider purchase to counterbalance it. CEO Phong Le, in particular, has sold over $3 million worth of shares, including a disposal of 8,400 shares on June 18. 

He…

The post Is Insider Selling at Former MicroStrategy a Red Flag for Bitcoin Bulls? appeared first on Coin Edition.

Read the article at CoinEdition

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Is Insider Selling at Former MicroStrategy a Red Flag for Bitcoin Bulls?


by Anisha Pandey
for CoinEdition
Insiders at Strategy have sold over $13.6 million in stock over the past few months.
  • Insiders at Strategy have sold over $13.6 million in stock over the past few months
  • The selling comes as the company continues its aggressive Bitcoin accumulation strategy
  • This has created a disconnect between executive actions and the firm’s public thesis

Insider selling at MicroStrategy (now rebranded as Strategy) is stirring unease in the crypto market, particularly among Bitcoin enthusiasts who have long considered the company a proxy bet on BTC. 

Despite the firm’s aggressive Bitcoin acquisition strategy and its dominant position as the world’s largest corporate holder of the cryptocurrency, insiders selling MSTR shares could turn the crypto market participants paranoid.

What Do the Insider Sales Show?

Over the past few months, Strategy insiders have unloaded a notable amount of stock — without a single insider purchase to counterbalance it. CEO Phong Le, in particular, has sold over $3 million worth of shares, including a disposal of 8,400 shares on June 18. 

He…

The post Is Insider Selling at Former MicroStrategy a Red Flag for Bitcoin Bulls? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

“The Actual BTC Top will be Higher Than $125k-$130k” Analyst Declares, as New Bullish Signal Emerges

“The Actual BTC Top will be Higher Than $125k-$130k” Analyst Declares, as New Bullish Signal Emerges

With predictions flying incessantly this week. One analyst, in a bid to bring clarity...
Real estate’s quiet crash: your home is worth less than ever in Bitcoin

Real estate’s quiet crash: your home is worth less than ever in Bitcoin

In April 2023, a Bitcoiner going by the name of Breadman purchased a property for $49...