Strategy EVP Cashes Out at Peak, Stock Drops Nearly 9% Amid Weak BTC Rebound
TradingKey – Strategy (MSTR), the largest corporate holder of Bitcoin, saw its stock tumble 8.91% on Thursday, closing at $320.29, as selling pressure intensified.
The sharp decline reflects two key factors: Bitcoin’s recent pullback after a brief rally, and a major insider sale by Strategy’s Executive Vice President Shao Wei-Ming, who offloaded 30,000 shares — netting over $10.7 million.
Strategy Stock Chart – Source: TradingView
Since November last year, MSTR has traded within a wide range of $240–$450. With the latest drop breaching the midpoint of that channel, analysts warn the stock could retest support near $240.
Notably, economist and crypto skeptic Peter Schiff commented that Strategy may struggle to survive another bear cycle, citing its heavy exposure to Bitcoin and weakening investor confidence.
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