The Strategy (Nasdaq: MSTR), née MicroStrategy, stock continued to decline on the price chart even days after the world’s leading Bitcoin (BTC) treasury company announced its first BTC sale in years on June 1.
The stock has lost 40% of its value over the past month and closed at $117.02 on June 9.
Related: Analysts reveal bold Bitcoin target despite AI frenzy
Bitcoin, the asset whose exposure Strategy aims to give to its investors, has lost around 25% of its value in the last month.
Following Strategy’s announcement, Bitcoin entered an even more volatile territory and was exchanging hands at $62,151 at press time.
More News:
Strategy CFO sells 1,949 shares
On June 9, Strategy CFO and EVP Andrew Kang sold 1,949 shares of Strategy for $241,362. These shares were sold in multiple transactions at prices ranging from $122.84 to $124.94.
Kang didn’t sell these shares to cash out but the proceeds from the sale went towards meeting tax obligations under the Rule 10b5-1 trading plan after he vested restricted stock units (RSUs) on June 5.
Prior to this sale, Kang acquired 4,260 MSTR shares through the settlement of RSUs on June 8.
As of June 9, he owns 71,044 shares after the reported sale.
Note that insider selling is a standard market practice in which a company executive or a major shareholder legally sells shares of their own company in the open market.
These transactions are required to be disclosed to the SEC, and executives may sell their shares for diversification, tax obligations, or other requirements. So, insider selling doesn’t necessarily indicate negative sentiment.
Related: Bank of America offers blunt advice to U.S. stock traders
This story was originally published by TheStreet on Jun 10, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
