Insiders from Strategy have purchased its latest preferred stock, involving executives such as the CEO and CFO of the company

Odaily Planet Daily News: According to disclosure documents from the US Securities and Exchange Commission, several insiders from Strategy (formerly MicroStrategy) have purchased its latest preferred stock, involving the company's CEO, CFO, and other executives. Among them, CEO Phong Le purchased 6000 preferred shares for $85, CFO Andrew Kang purchased 1500 shares, and General Counsel Wei Ming Shao purchased 500 shares. Strategy previously announced that it will issue 5 million Series A Perpetual Strife Preferred Stock with a face value of $100 per share, which will receive $500 million in incremental funding to implement its Bitcoin strategy. However, the issuance will be increased to 8.5 million shares and the price per share will be lowered to $85. （Barrons）