Strategy (the one formerly known as MicroStrategy) has been quite interesting lately. Bitcoin and stock prices are both falling, but their executives are instead crazily buying up their own preferred shares.

Regulatory documents revealed several transactions: Brown University's Chief Investment Officer Jane Dietze purchased over 95 shares of STRC preferred stock in November, while another director, Jarrod Patten, was even bolder last month, directly buying over 23,000 shares. Looking back, several executives also increased their positions in September.

The timing of this operation is quite subtle—just coinciding with the critical moment of this month's sharp fall. Are insiders buying the dip? Or are they boosting the market? Anyway, these actions are worth pondering.