Michael Saylor Starts Selling $216 Million in MicroStrategy Stock for More Bitcoin

Saylor previously said THE move would be allow him has address her "staff obligations " And, of course, buy more Bitcoin.

News Join We on social networks

MicroStrategy executive president Michael Saylor has begin A four months process of sale $216 million value of her actions In her farm MicroStrategy, previously declaring part of he would be be used has buy more Bitcoin (BTC).

In A Jan. 2 deposit with THE United States Securities And Exchange Commission, Saylor disclosed that he had Already begin sale her 315,000 action choice price, First of all granted has him In April 2014. THE reward action choice expire on April 30, 2024.

Michael Saylor has Already begin sale her MicroStrategy actions. Source: SEC

According to has THE deposit, Saylor began THE process on Jan. 2, sale her First of all slice of 5,000 actions.

In MicroStrategy third quarter earnings call on Nov. 2, Saylor said he foreseen has sell 5,000 MSTR actions every day For THE following four month, which will go In addressing "staff obligations " And increasing THE Rising of Bitcoin he has.

"To exercise This option will allow Me has address staff obligations as GOOD as acquire additional Bitcoin has My staff account," Saylor said on THE call. He added that her bet In THE the company equity remains "significant" despite her staff sales.

According to has A Nov. 1 Q-10 deposit with THE SECOND, Saylor can sell A maximum of 400,000 actions o...