Big Players Are Dumping Strategy. What’s Going On? 🤔

While Michael Saylor continues to double down on $BTC , some of the biggest institutional holders are quietly heading for the exit. And not just a little - we’re talking billions.

Let’s break down who’s selling and why the market is paying attention. 👇

🔹 BlackRock, Fidelity, Vanguard, and Capital International collectively unloaded around $5.4B worth of MSTR in Q3 2025. That’s not small profit-taking - that’s a major rotation of capital.

🔹 JPMorgan - a long-time vocal skeptic of the MSTR-Bitcoin strategy - dumped another $134M in shares. When both supporters and critics sell, it’s a signal worth watching.

🔹 Insider selling raises more questions. Strategy’s EVP Shao Wei-Ming sold 58,004 shares (~$13M) in the past 10 days. Insider activity doesn’t always mean trouble, but when it aligns with institutional sell-offs, the timing becomes interesting.

Saylor won’t sell his Bitcoin - he’s made that clear. But the shareholders? They are selling.

More volatility ahead? Most likely. Worth watching? Absolutely. 👀