Le Phong, serving as both President and Chief Executive Officer of Strategy Inc (NASDAQ: MSTR), has executed a substantial insider purchase, acquiring 11,000 shares of the company's Series A Perpetual Stretch Preferred Stock on June 22, 2026. The transaction, which totaled $998,756, involved shares purchased at prices ranging between $90.66 and $90.87 per share. This acquisition was facilitated indirectly through the Phong Le Revocable Trust, where Mr. Phong holds the dual roles of trustee and beneficiary.
The timing of this insider activity is notable, occurring as Strategy Inc trades near its 52-week low of $104.17. The company's stock currently stands at $109.53, marking a significant 70% decline over the past year. According to analysis by InvestingPro, the stock appears undervalued at these current levels, trading below its calculated Fair Value.
Following this recent transaction, Mr. Phong's total holdings in Strategy Inc include a diverse portfolio of equity and preferred shares. Directly held positions consist of 126,323 shares of Class A Common Stock, 6,000 shares of Series A Perpetual Strife Preferred Stock, 8,009 shares of Series A Perpetual Stretch Preferred Stock, and 4,500 shares of Series A Perpetual Stride Preferred Stock. Indirect holdings through the Phong Le Revocable Trust include the newly acquired 11,000 shares of Series A Perpetual Stretch Preferred Stock. Additionally, the trust holds 121 shares of Series A Perpetual Stretch Preferred Stock for Minor Child 1, 32 shares for Minor Child 2, and 33 shares for Minor Child 3.
Strategy Inc's financial activities have recently drawn significant attention, particularly following its acquisition of 1,550 Bitcoin for approximately $101 million. This purchase has increased the company's total Bitcoin holdings to 845,256 Bitcoin, signaling a return to net accumulation after the company sold 32 Bitcoin in the preceding week. This strategic move highlights the firm's continued commitment to its Bitcoin treasury strategy despite market fluctuations.
Analyst firms Cantor Fitzgerald and Benchmark have maintained positive outlooks on Strategy Inc. Cantor Fitzgerald has reiterated its Overweight rating, while Benchmark has maintained its Buy rating with a $570 price target. Analysts at both firms have noted the company's persistent focus on Bitcoin accumulation, even as the cryptocurrency's price remains approximately 50% below its October 2025 high.
The performance of Strategy's STRC perpetual preferred stock has also been a focal point, as it serves as a primary funding mechanism for the company's Bitcoin acquisitions. Cantor Fitzgerald observed a partial recovery in the preferred stock's value after it fell to approximately $83. Benchmark acknowledged the pressure on Strategy's stock price due to the decline in its preferred shares. Despite these challenges, Strategy's stock experienced a 7% increase as Bitcoin prices reached their highest level in nearly two weeks, contributing to a broader rise in cryptocurrency-related stocks.