MicroStrategy CEO Gifts 8,400 Shares Amid Bitcoin Holdings Shift

MicroStrategy’s President and CEO, Phong Le, has transferred 8,400 shares of MSTR stock over the past three months, according to recent filings with the U.S. Securities and Exchange Commission. The transaction code “G(1)” recorded in the Form 4 indicates that the shares were gifted and not sold, with a recorded transaction value of $0. This move has drawn attention due to the timing and volume of the transaction, which has triggered concerns among market watchers.

This action follows a broader pattern of insider transactions at MicroStrategy in 2025. Notably, board director Carl Rickertsen offloaded shares worth nearly $10 million earlier this year. Despite the recent transfer, Phong Le still holds a substantial stake in the company, including over 16,000 common shares and approximately 10,500 preferred shares. However, criticism from industry figures such as Edward Farina, head of XRP Healthcare, has amplified investor concerns. Farina pointed out that Le also sold shares worth more than $3 million in previous months, describing the gifting and selling pattern as suspicious.

The executive stock movements coincided with significant activity in MicroStrategy’s cryptocurrency holdings. The company transferred over 7,300 Bitcoin, valued at around $796 million, to new wallet addresses. This shift is believed to be part of an upgraded custody approach rather than a liquidation of assets. MicroStrategy has maintained a strong Bitcoin acquisition strategy under Executive Chairman Michael Saylor. The only sale occurred in December 2022, when the firm temporarily sold and repurchased BTC to optimize tax positions. Saylor has since continued to emphasize accumulation, hinting at another possible purchase in the coming days.

Despite market noise, MicroStrategy continues to hold and accumulate Bitcoin as part of its long-term corporate strategy. The MSTR stock price has struggled to sustain momentum above the $400 mark in recent weeks. At present, it is trading around $383, reflecting a pause after nearly 200 percent gains over the past year. The company's commitment to Bitcoin remains steadfast, with no indication of a change in its strategic direction.