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3h ago

MicroStrategy Director Makes First Stock Purchase Since 2022 After Steep Selloff

The rare buy follows years of sales by Carl Rickertsen, signaling a response to MicroStrategy’s tighter valuation versus its Bitcoin treasury.

MicroStrategy director Carl Rickertsen purchased 5,000 shares, marking his first insider buy since July 2022 after a period of only selling. The move follows MicroStrategy’s avoidance of MSCI index removal and reflects confidence in the company, which provides leveraged Bitcoin exposure. The stock’s performance remains closely tied to Bitcoin’s price, and the company currently holds 687,410 BTC.
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Overview

  • An SEC filing shows Carl Rickertsen bought 5,000 MSTR shares on Jan. 12 in an open-market trade coded “P” at $155.879, totaling $779,395.
  • He last purchased shares in mid-2022 after more than three years of filings that recorded only sales, typically following option exercises.
  • The purchase occurred days after MicroStrategy avoided immediate removal from MSCI indices, with the provider still reviewing rules for crypto-heavy balance sheets.
  • MicroStrategy disclosed 687,410 Bitcoin as of Jan. 11, and market data indicate the company’s enterprise value is near $67 billion versus roughly $64 billion for its BTC holdings.
  • Some analysts cut price targets but maintained Buy ratings, describing the stock as a leveraged way to access Bitcoin following a slide of over 40% in three months and a 68% drop from a November peak.