Virginia-based enterprise software company MicroStrategy has captured the attention of crypto and financial news outlets alike with its CEO’s atypical strategy of going all-in on Bitcoin, beginning in 2020, with some reporters quipping that the company has since morphed into something closer to a Bitcoin (BTC) investment vehicle than a software firm.
Recent filings with the United States Securities and Exchange Commission suggest some of the company’s top-level executives are ambivalent about pursuing this strategy long-term.
The filings reveal that MicroStrategy chief financial officer Phong Le and chief technology officer Timothy Lang both unloaded stock in August of this year by exercising roughly 30% of the options they received as compensation.
As Bloomberg reports, Lang exercised 10,000 of his awarded options on Aug. 26 and later sold all the converted shares, pocketing roughly $7.1 million. Phong, for his part, exercised 20,000 options between Aug. 2 and 6 then sold the shares in return for a little over $7.3 million. Each has held