MicroStrategy director Carl Rickertsen purchased 5,000 shares of the company's stock on January 12, 2026, according to a filing with the U.S. Securities and Exchange Commission (SEC). This transaction, valued at approximately $779,395 at a price of $155.879 per share, marks Rickertsen's first insider purchase since July 13, 2022, when he acquired 4,000 shares. For over three years between those dates, his disclosed SEC filings reflected only selling activity.
The purchase comes at a time when MicroStrategy's stock (MSTR) has faced significant pressure, declining more than 40% over the previous three months, closely mirroring a 15% drop in Bitcoin's price. The company, which positions itself as a primary vehicle for leveraged Bitcoin exposure, currently holds 687,410 BTC as of January 11, 2026.
Rickertsen's shift in trading behavior coincides with a tightening of MicroStrategy's valuation relative to its Bitcoin holdings. The company's enterprise value was near $67 billion, approaching the $64 billion value of its Bitcoin treasury, indicating compressed premiums. The move also followed MicroStrategy's recent avoidance of removal from MSCI indices. MSCI is still evaluating criteria that could exclude companies with over half of their balance sheet in digital assets from its indices, keeping MicroStrategy under review.
Analyst sentiment remains mixed but generally supportive of the company's unique proposition. A Clear Street analyst recently lowered the firm's price target on MicroStrategy while reiterating a Buy rating, calling it a "differentiated and compelling vehicle for leveraged Bitcoin exposure."
