MicroStrategy Director Carl Rickertsen Sells All MSTR Shares, Cashes Out Over $10 Million

According to ChainCatcher, citing a report from Protos, MicroStrategy (MSTR) board member Carl Rickertsen sold all of his MSTR shares this month, cashing out over $10 million.

In 2022, Rickertsen invested $700,000 to purchase MSTR shares. According to legendary stock analyst Peter Lynch, “Insiders may sell shares for a variety of reasons, but they buy shares for only one reason: they believe the price will go up.”

Since 2022, MSTR’s stock price has risen significantly. On June 13, 2022, Rickertsen bought $608,000 worth of MSTR shares at $152 per share. As of today, MSTR’s stock price has increased by 152% from his purchase price.