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.

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