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Author: Tom Mitchelhill, Cointelegraph; Compiled by: Songxue, Bitchain Vision
Michael Saylor, Executive Chairman of MicroStrategyIt has started for four monthsSelling its company MicroStrategy worth $216 millionHe said beforeSome of these shares will be used to buy more Bitcoin.
In a Jan. 2 filing with the Securities and Exchange Commission, Saylor revealed that he had begun selling 315,000 stock options first granted to him in April 2014.The granted stock options will expire on April 30, 2024.
Michael Saylor has started selling his MicroStrategy stock.Source: SEC
According to the filing, Saylor began selling his first 5,000 shares on Jan. 2.
During the Nov. 2 MicroStrategy third-quarter earnings call, Saylor said he plans to sell 5,000 MSTR shares per day over the next four months, which will be used to address “personal obligations” and increase the amount of Bitcoin he owns.
“Exercise of this option will allow me to fulfill my personal obligations and obtain additional bitcoin for my personal account,” Saylor said on the phone. He added that despite his personal sale, he was in the company’s equity,The shares are still “large”.
According to Q-10 filings filed with the SEC on November 1, Saylor can sell up to 400,000 established options between January 2 and April 26 this year.
While Bitcoin has achieved an impressive 170% increase since the beginning of last year, MicroStrategy has performed more than double the asset, up 411% during the last year, according to TradingView.
On December 27, MicroStrategy purchased an additional 14,620 bitcoins for $615 million.Through this acquisition, MicroStrategy’s total Bitcoin holdings have increased to an astonishing 189,150 bitcoins—worth about $8.5 billion at current prices.
