MicroStrategy director Carl Rickertsen liquidates MSTR shares, cashing out over 10 million dollars

ChainCatcher news, according to Protos, MicroStrategy (MSTR) board member Carl Rickertsen sold all of his MSTR shares this month, cashing out over $10 million.

Rickertsen invested $700,000 in MSTR shares in 2022. According to legendary stock analyst Peter Lynch, "Insiders may sell stock for various reasons, but they buy stock for only one reason: they believe the price will go up."

Since 2022, MSTR's stock price has significantly increased. Rickertsen purchased $608,000 worth of MSTR shares at $152 per share on June 13, 2022, and as of today, MSTR's stock price has risen by 152% from his purchase price.