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TYSONS CORNER, Va.—Le Phong, the President and CEO of MicroStrategy Inc (NASDAQ:MSTR), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Phong sold a total of 3,281 shares of Class A Common Stock on March 24, 2025. The shares were sold at a weighted average price range between $329.08 and $329.67, resulting in a total transaction value of approximately $1.08 million. The transaction comes as MicroStrategy’s stock has shown remarkable strength, posting an 82% gain over the past year and a 106% surge in the last six months, according to InvestingPro data.
In addition to the stock sale, Phong also acquired 7,320 shares of Class A Common Stock through the vesting of restricted stock units. These units were acquired at no cost, as each unit represents a contingent right to receive one share of MicroStrategy’s Class A Common Stock.
Following these transactions, Phong’s direct ownership of MicroStrategy shares now stands at 18,165 shares. The stock sales were conducted under a pre-arranged trading plan, which is often used by executives to manage their holdings while avoiding potential conflicts of interest.
MicroStrategy, known for its significant investments in Bitcoin, continues to attract attention in the financial markets. Investors will be closely monitoring how these insider transactions might impact the company’s stock performance. Currently trading near its InvestingPro Fair Value, the company is scheduled to report its next earnings on May 6, 2025. For deeper insights into MicroStrategy’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, MicroStrategy has announced a new class of capital stock, the "10.00% Series A Perpetual Strife Preferred Stock," issuing 8.5 million shares as part of a public offering. This stock offers an annual dividend rate of 10%, with potential increases if dividends are not paid on schedule. Additionally, MicroStrategy successfully sold 1,975,000 shares of its Class A common stock and 13,100 shares of its 8.00% series A perpetual strike preferred stock, generating net proceeds of approximately $592.6 million and $1.1 million, respectively. The company used the proceeds to purchase approximately 6,911 bitcoins, contributing to its total holdings of around 506,137 bitcoins.
Meanwhile, Bernstein SocGen Group has maintained an Outperform rating on MicroStrategy, with a price target of $600, reflecting confidence in the company’s strategy and its increased Bitcoin holdings. Analyst Gus Gala from Monness Crespi Hardt initiated coverage with a Neutral rating and a $200 price target, expressing concerns about potential market saturation. MicroStrategy’s recent activities underscore its commitment to integrating cryptocurrency into its business model, with a significant portion of its resources invested in Bitcoin. The company’s strategic moves in the capital markets have positioned it as a notable player in the cryptocurrency space.
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