According To TheDechained, MicroStrategy Executives Sell the Company's Stock


Posted September 24, 2021 by thedechained

In this press release, the Dechained intends to inform readers that MicroStrategy Executives Sell Company’s Stock.

 
Recent filings with the US Securities and Exchange Commission have revealed the current positions of numerous MicroStrategy top executives who recently sold a major portion of their stock holdings.

According to the documents, key officials at MicroStrategy have conflicting sentiments about the stock's long-term prospects. It also disclosed Phong Le, the company's chief financial officer, and Timothy Lang, the company's chief technology officer, who dumped MicroStrategy stock in August, exercising about 30% of the options they received as compensation.

Bloomberg reports backed up this claim with numbers. Lang exercised 10,000 of his option on August 26 and sold all of his shares for a profit of $7.1 million, according to a report. On August 2 and 6, Phong did the same thing with 20,000 options and sold the converted shares for a profit of $7.3 million.

Despite the actions of the other senior executives, the company's CEO, Michael Saylor, has never sold any of his shares; the closest he has done is the reallocation of 50,000 shares to another of his companies.
Though the duo's actions appear to be unanticipated, Miller Tabak + Co.'s Chief Market Strategist Matt Maley has speculated that the decision was made due to concerns about the company's new Bitcoin-focused business venture. “Senior executives do not sell the stock if they believe it will increase in value,” he explained. Regardless of how you slice it, it's a negative sign.”

MicroStrategy's Bitcoin holdings have increased, prompting a publication to label it as a Bitcoin (BTC) investment vehicle. The company's total holdings were 108,992 BTC in June.

Stay up to date on the newest happenings in the crypto business by scrolling through The Dechained's latest crypto headlines.

About The Dechained

The Dechained is a digital media source founded by Brain Evans. The Dechained provides the most up-to-date and easy-to-understand blockchain news and information. We want every investor to be aware of the most recent industry changes so that they can make well-informed decisions. To learn more about crypto and blockchain, as well as to be notified of important updates, subscribe to our newsletter, or visit https://www.thedechained.com/.
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Issued By The Dechained
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Categories Blockchain , Finance
Tags blockchain news , blockchain , Bitcoin , crypto
Last Updated September 24, 2021