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MicroStrategy Executive Saylor Announced: Selling Shares to Buy Bitcoin - Coin Bulletin
MicroStrategy Chairman Michael Saylor began selling his shares of the company (MSTR) on Jan. 2.
Speaking at MicroStrategy's quarterly meeting, Saylor confirmed that he will be able to sell up to 400,000 MSTRs by April 2024, using the right granted to him in 2014. According to the notice filed with the SEC, Saylor will sell 315,000 MSTR** worth a total of approximately $216 million.
Saylor plans to sell 5,000 shares a day over the next four months. "By using this option, I will be able to meet my financial obligations and buy more Bitcoin for my personal account," the MicroStrategy executive said. Said.
MicroStrategy's purchases last month increased the amount of Bitcoin in the company's reserves to 189,000. Saylor made comments that showed that he was hopeful about Bitcoin's performance in 2024.
According to data from TradingView, MSTR is up 8.48% on the day; It gained 80% in value in the six-month period.