Why have MicroStrategy insiders been dumping MSTR?
As MicroStrategy (MSTR) continues to dilute and supersede common shareholders to add bitcoin (BTC) to its balance sheet, company insiders continue to sell into their bids. While its leaders boast about the company’s long-term prospects, multi-million dollar BTC price forecasts, and accretive BTC purchases, many well-informed executives are selling shares for personal compensation. A recent post on the MSTR subreddit, citing data from November, reignited concerns about Securities and Exchange Commission (SEC) Form 4 filings by insiders that have disclosed millions of dollars worth of insider liquidations. Bulls were quick to point out the time delay of that data as well as the positive net effect of MicroStrategy’s dilutive share sales to date. To be sure, the net result of MicroStrategy’s corporate and insider share sales over the past five years have been indisputably positive for shareholders. Not only has MSTR rallied over 2,000% over that time period, but its BTC hold...