Michael Saylor of MicroStrategy sells $216 million worth of MSTR stock options
Michael Saylor, the executive chairman of MicroStrategy, has begun selling $216 million worth of company stock options. This move is part of his plan to use the proceeds for personal purposes and to purchase additional bitcoin, but on his personal account. The sale involves 310,000 stock options granted in 2014 that are set to expire in April 2024. Saylor stated that he intends to sell 5,000 shares per trading day over the next four months, subject to a minimum price.
Michael Saylor sells MicroStrategy stock options to buy more bitcoin
Saylor’s decision to sell the MicroStrategy stock options is driven by personal reasons, specifically his desire to buy more bitcoin. He remains optimistic about MicroStrategy’s prospects and emphasized that his ownership in the company will remain significant even after these sales. In a conference call, Saylor confirmed his plan to exercise the options and purchase more bitcoin personally. MicroStrategy currently holds approximately 189,000 BTC in its treasury, making it the largest holder of bitcoin.
BTC bull run boosts MSTR stocks
In the beginning of 2024, Bitcoin is experiencing a price bull run, surpassing the $45,000 threshold and reaching almost $45,800. This is the highest price of the entire year so far. The rally in Bitcoin’s price has also positively impacted the stocks of MicroStrategy and Coinbase. MicroStrategy shares have seen a growth of +81.33% in the last six months and are currently worth $685.15, up +8.48% from yesterday.
Hot Take: Michael Saylor sells MicroStrategy stock options to fuel personal bitcoin purchases
MicroStrategy’s executive chairman, Michael Saylor, has initiated the sale of $216 million worth of company stock options. Saylor plans to use the proceeds for personal purposes and to acquire more bitcoin for his personal account. This move comes as Bitcoin experiences a price bull run, with its value surpassing $45,000. MicroStrategy, which already holds a significant amount of bitcoin in its treasury, remains optimistic about its prospects. Saylor’s decision to sell stock options is driven by his personal desire to increase his bitcoin holdings. The sale of MicroStrategy stock options has also positively impacted the company’s stock prices.
By
By
By
By
By