Strategy EVP Sells Entire MSTR Holding Amid Record Executive Sell-Off

Thomas Chow, Strategy's EVP and General Counsel, has sold his entire holding of MSTR stock. The sale occurred after he acquired the shares through an employee stock purchase plan in December 2025. Chow still holds small direct holdings of preferred stocks.

This is not an isolated incident as other executives have also been selling MSTR stock at a record rate this year. Director Jarrod Patten and other executives executed larger sales in recent months, even as the Bitcoin treasury's unrealized losses swung to profit.

The sale of Chow's MSTR stock has led to speculation about further upside for the company. The stock price has plunged nearly 6% since the sale, reaching $136.52 on Tuesday. However, the stock surged over 1.67% in premarket hours today amid a surge in Bitcoin price.

Wall Street analysts from Canaccord Genuity, TD Cowen, and Bernstein remain optimistic on MSTR stock, raising their price target to $180. The STRC stock is currently trading at $98, just below the $100 par value.