Strategy Inc. Director of Bitcoin Vault Sells All Common Shares After Exercising Stock Options

On March 17, Strategy Inc. (MSTR) granted time- and performance-based restricted stock awards to its Vice President and Chief Legal Officer. On March 26, the company disclosed that a director had exercised 700 stock options and immediately sold the same number of Class A common shares on the open market. That transaction generated a gain of roughly $80,000 (about ₩100 million), and the director still holds tens of thousands of common shares plus various series A perpetual preferred shares.

According to recent SEC filings, Strategy Inc. will maintain the annual dividend rate on its floating-rate Series A perpetual preferred shares (STRC) at 11.5% as of April 1, 2026, and has declared a cash dividend of approximately $0.96 per share for April. The company also reported that proceeds from several hundred million dollars raised through common and preferred stock issuances since early March are being used to increase its Bitcoin holdings. On March 19, an insider transaction showed CEO Le Phong personally purchasing 2,509 STRC preferred shares for about $250,000 (roughly ₩300 million), underscoring management’s parallel commitment to expanding preferred-share ownership.

Headquartered in Tysons Corner, Virginia, Strategy Inc. is a Nasdaq-listed firm best known for offering enterprise business-intelligence software while executing a large-scale “Bitcoin treasury” strategy. In addition to its common stock (MSTR), the company has issued several series of Series A perpetual preferred shares—including STRC, STRF, STRK and STRD—to raise capital. Filings indicate that over the past few years, Strategy Inc. has consistently used the proceeds from these preferred and common stock offerings to build its Bitcoin reserves.