MicroStrategy Insider Sell-Off Sparks Concerns Over Bitcoin Investments

Controversial business model at MicroStrategy is causing concern as insiders are selling millions in stock despite the company’s continued Bitcoin purchases. Director Carl Rickertsen sold his entire stake, totaling $10 million, just weeks after initially investing $700,000 in 2022. This follows a trend of substantial insider sales outpacing new buys this year and coincides with a decline in company stock price, despite holding significant Bitcoin reserves. While CEO Michael Saylor remains bullish on Bitcoin, the lack of insider buying activity is raising questions about internal confidence and the company’s overall strategy.