MicroStrategy CEO Will Sell $216 Million in Company Stock

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Last Updated on January 3, 2024 by Bitfinsider

According to a filing on Tuesday, Michael Saylor, co-founder of the U.S.-based business analytics firm MicroStrategy Inc., is selling 315,000 company shares valued roughly $216 million.

Saylor previously stated at the company’s third-quarter results call in 2023 that he intends to utilize the proceeds to personally purchase more bitcoin as well as to handle “financial obligations.”

“I was granted a stock option in 2014 for 400,000 shares, which will expire next April,” Saylor explained in the November call, adding that he wants to sell 5,000 shares per trading day between Jan. 2 and April 25.

Microstrategy stock has increased 21.65% in the last month and closed up 8.48% on Tuesday at $685.15.

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