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The <a href="https://www.thestreet.com/crypto/markets/michael-saylor-breaks-his-most-famous-promise" rel="noopener noreferrer nofollow">Strategy</a> (Nasdaq: MSTR),&nbsp;née MicroStrategy, stock continued to decline on the price chart even days after the world's leading Bitcoin (BTC) treasury company <a href="https://www.thestreet.com/crypto/markets/michael-saylor-breaks-his-most-famous-promise" rel="noopener noreferrer nofollow">announced</a> its first BTC sale in years on June 1.
The stock has lost 40% of its value over the past month and closed at $117.02 on June 9.
<a href="https://www.thestreet.com/crypto/markets/analyst-reveal-bold-bitcoin-target-despite-ai-frenzy" rel="noopener noreferrer nofollow">Related: Analysts reveal bold Bitcoin target despite AI frenzy</a>
Bitcoin, the asset whose exposure Strategy aims to give to its investors, has lost around 25% of its value in the last month.
Following Strategy's announcement, Bitcoin entered an even more volatile territory and was exchanging hands at&nbsp;$62,151 at press time.
<figure><a href="https://app.decibel.trade/trade/BTC-USD" rel="noopener noreferrer nofollow"></a>
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 BTC/USD, Source: Decibel
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<h3 id="more-news">More News:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/coinbase-stock-sinks-25-within-a-year-of-joining-s-p-500" rel="noopener noreferrer nofollow">Coinbase stock sinks 25% within a year of joining S&amp;P 500</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/robinhood-announces-major-changes-for-fourth-of-july" rel="noopener noreferrer nofollow">Robinhood announces major changes in trading rules</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/jack-dorsey-slashes-40-of-block-staff-despite-rising-profits" rel="noopener noreferrer nofollow">Jack Dorsey slashes 40% of Block staff despite rising profits</a></li>
</ul>
<h2 id="strategy-cfo-sells-1-949-shares">Strategy CFO sells 1,949 shares&nbsp;&nbsp;</h2>
On June 9, Strategy CFO and EVP Andrew Kang <a href="https://www.sec.gov/Archives/edgar/data/1050446/000182517026000008/xslF345X06/ownership.xml" rel="noopener noreferrer nofollow">sold</a> 1,949 shares of Strategy for&nbsp;$241,362.&nbsp;These shares were sold in multiple transactions at prices ranging from $122.84 to $124.94.
Kang didn't sell these shares to cash out but the proceeds from the sale went&nbsp;towards meeting tax obligations&nbsp;under the Rule 10b5-1 trading plan&nbsp;after he vested restricted stock units (RSUs) on June 5.
Prior to this sale,&nbsp;Kang acquired 4,260 MSTR shares&nbsp;through the settlement of RSUs on June 8.
As of June 9, he owns&nbsp;71,044 shares after the reported sale.
Note that insider selling is a standard market practice in which a company executive or a major shareholder legally sells shares of their own company in the open market.
These transactions are required to be disclosed to the SEC, and&nbsp;executives may sell their shares for diversification, tax obligations, or other requirements. So, insider selling doesn't necessarily indicate negative sentiment.
<a href="https://www.thestreet.com/crypto/markets/bank-of-america-offers-blunt-advice-to-u-s-stock-traders" rel="noopener noreferrer nofollow">Related: Bank of America offers blunt advice to U.S. stock traders</a>

MicroStrategy CFO sells company shares amid stock plunge

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