The post Strategy director Carl Rickertsen is buying MSTR after years of selling appeared on BitcoinEthereumNews.com. Yesterday, Strategy Director Carl RickertsenThe post Strategy director Carl Rickertsen is buying MSTR after years of selling appeared on BitcoinEthereumNews.com. Yesterday, Strategy Director Carl Rickertsen

Strategy director Carl Rickertsen is buying MSTR after years of selling

Yesterday, Strategy Director Carl Rickertsen filed his purchase of 5,000 shares of the company’s common stock, MSTR, with the SEC. His form is coded P for an actual purchase on an open or private market, in contrast to a non-purchasing acquisition like an award or derivative exercise.

His $779,395 purchase was a rare event, interrupting years of insider selling. Interestingly, his impressive average price of $155.88 across multiple transactions nearly bottom-ticked the day’s $154.69 to $163.82 trading range.

Prior to yesterday, Rickertsen had filed 19 SEC forms to disclose exclusively sales of Strategy’s common stock on five trading days since July 2022.

With no other purchases since July 2022, Rickertsen has been a seller throughout the last three and a half years.

Carl Rickertsen discloses his January 12 purchase of MSTR. Source: SEC.gov

Indeed, Rickertsen has made a fortune selling MSTR over the years. He received most of his shares not from purchases but from equity compensation. 

To his credit, he purchased $608,000 worth of Strategy’s equity on June 13, 2022. That was, however, his latest purchase prior to yesterday’s acquisition.

Along the way, Rickertsen has sold tens of millions of dollars worth of MSTR over the past 3.5 years, dwarfing both purchases and thanks in most part to his compensation as a board member.

Rickertsen has served as a director at Strategy since 2002 when the company’s name was MicroStrategy. He often receives MSTR through grants of equity convertibles like stock options.

Unfortunately, he has a history of exercising those convertibles and then selling the resulting MSTR on the same day.

For many years, he reported $0 of MSTR beneficial ownership during the months between his equity grants.

A slight vote of confidence

Strategy has a $67 billion enterprise value, only slightly above the $64 billion value of its bitcoin (BTC) holdings.

Analysts at S&P rate its corporate creditworthiness at B- or “junk” status while analysts at Citigroup, Bernstein, HC Wainwright, Canaccord Genuity, and TD Cowen have a wide range of price targets for MSTR spanning $54 to $705.

Rickertsen has also filed insider transactions in companies besides Strategy. Over the years, for example, he disclosed transactions in numerous public companies.

He is, after all, a managing partner of two private equity investment firms, and a trustee of two management investment companies.

Rickertsen’s purchase of MSTR comes after a serious decline in the company’s multiple-to-Net Asset Value (mNAV), a valuation metric that measures how much premium investors pay for the company’s equity relative to its BTC holdings. 

Read more: Michael Saylor is running out of ways to boost Strategy’s BTC per share

In November 2024, MSTR traded up to a 3.4x mNAV or 240% higher than its BTC holdings. At the time, BTC was rallying amid Donald Trump’s promises to align White House policies with the Bitcoin community.

Ever since, Trump has mostly promoted crypto instead of BTC, and BTC has traded sideways. Over the same time period, MSTR has declined from $543 to today’s $169 per share.

In other words, Rickertsen has bought MSTR near a 14-month low and after a 68% drawdown from its peak. He’ll also, presumably, continue to receive periodic compensation for his board membership going forward to offset his cost basis even lower as time progresses.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

Source: https://protos.com/strategy-director-carl-rickertsen-is-buying-mstr-after-years-of-selling/

Market Opportunity
Common Protocol Logo
Common Protocol Price(COMMON)
$0.003104
$0.003104$0.003104
+2.10%
USD
Common Protocol (COMMON) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Delivers Impressive ETF Volumes But Digitap ($TAP) is the King of Cross-Border Payments in 2026

XRP Delivers Impressive ETF Volumes But Digitap ($TAP) is the King of Cross-Border Payments in 2026

XRP has dominated crypto headlines recently. Spot XRP ETFs brought over $1 billion in institutional inflows, and total ETF-held assets now sit at $1.47 billion.
Share
Brave Newcoin2026/01/14 03:58
Strive Completes Acquisition of Bitcoin Treasury Firm Semler

Strive Completes Acquisition of Bitcoin Treasury Firm Semler

The post Strive Completes Acquisition of Bitcoin Treasury Firm Semler appeared on BitcoinEthereumNews.com. Strive Inc. (ASST) and Semler scientific (SMLR) were
Share
BitcoinEthereumNews2026/01/14 04:29
Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto

The post Top Solana Treasury Firm Forward Industries Unveils $4 Billion Capital Raise To Buy More SOL ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Forward Industries, the largest publicly traded Solana treasury company, has filed a $4 billion at-the-market (ATM) equity offering program with the U.S. SEC  to raise more capital for additional SOL accumulation. Forward Strategies Doubles Down On Solana Strategy In a Wednesday press release, Forward Industries revealed that the 4 billion ATM equity offering program will allow the company to issue and sell common stock via Cantor Fitzgerald under a sales agreement dated Sept. 16, 2025. Forward said proceeds will go toward “general corporate purposes,” including the pursuit of its Solana balance sheet and purchases of income-generating assets. The sales of the shares are covered by an automatic shelf registration statement filed with the US Securities and Exchange Commission that is already effective – meaning the shares will be tradable once they’re sold. An automatic shelf registration allows certain publicly listed companies to raise capital with flexibility swiftly.  Kyle Samani, Forward’s chairman, astutely described the ATM offering as “a flexible and efficient mechanism” to raise and deploy capital for the company’s Solana strategy and bolster its balance sheet.  Advertisement &nbsp Though the maximum amount is listed as $4 billion, the firm indicated that sales may or may not occur depending on existing market conditions. “The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said. Forward Industries kicked off its Solana treasury strategy on Sept. 8. The Wednesday S-3 form follows Forward’s $1.65 billion private investment in public equity that closed last week, led by crypto heavyweights like Galaxy Digital, Jump Crypto, and Multicoin Capital. The company started deploying that capital this week, announcing it snatched up 6.8 million SOL for approximately $1.58 billion at an average price of $232…
Share
BitcoinEthereumNews2025/09/18 03:42