Strategy (Nasdaq: MSTR), formerly MicroStrategy, is the world's largest Bitcoin (BTC) treasury company, and the ongoing crypto crash has not stopped the company from purchasing BTC.

Over the years, the company has deployed a range of financial instruments to raise capital for Bitcoin accumulation. It recently outlined a $42 billion at-the-market (ATM) capital program split across equity and preferred stock offerings.

Related: Leading analysts reveal new details on MicroStrategy’s ‘central bank’ role

As per latest data, the company holds 762,099 BTC at an average purchase price of around $75,694 per coin.

While Bitcoin is trading 47% lower than the all-time high (ATH) of $126,080 on Oct. 6, 2025, the MSTR stock is trading 65% lower than the Oct. 6 price of around $365.

MicroStrategy moves to raise $42B in massive stock sale

MicroStrategy director buys MSTR dip after years of selling

MicroStrategy director dumps all his MSTR shares

Amid the stock drop, Strategy board director Jarrod Patten filed with the Securities and Exchange Commission (SEC) to reveal that he sold 700 MSTR shares worth $96,159 on March 26.

Insider selling is a standard market practice in which a company leader or a major shareholder legally sells shares of their own company in the open market.

It is mandatory to report such sales to the SEC, including details such as the stock sale price, number of shares sold, and date of the sale.

Though investors often tend to see insider selling as an indication of low confidence in the company's prospects among top leaders, executives may sell their shares for purposes of diversification, taxes, etc. Insider selling doesn't necessarily indicate negative sentiment.

The MSTR stock was exchanging hands at $124.85, down 6% in a day.

Bitcoin was trading at $66,362.61, down 5% over the last 24 hours.

TheStreet Roundtable reached out to Strategy for a comment and had not received a response by the time of publication.

This story was originally published by TheStreet on Mar 27, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.