Strategy "insiders" have dumped $40 million worth of stocks in the past 90 days.

According to Mars Finance, insiders at Strategy (formerly MicroStrategy) have sold $40 million worth of stock in the past 90 days. It is reported that there has been an average of one stock sale transaction per working day over the past three months, with a sell-to-buy ratio of 10:1 among the relevant insiders. The stock sale transactions involve the company's vice president, chief financial officer, and board members, who basically sold at the peak of the stock price. However, Michael Saylor, founder and executive chairman of Strategy, has not sold any stock and still holds approximately 19.6 million Class B shares and 382,000 Class A shares, accounting for about 8% of the total shares.