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MicroStrategy Co-Founder Michael Saylor to Sell $216 Million in Stock Options to Buy More Bitcoin for Personal Account

MicroStrategy Co-Founder Michael Saylor to Sell $216 Million in Stock Options to Buy More Bitcoin for Personal Account

Cointime2024/01/03 11:45
By: Cointime
BTC-0.08%

MicroStrategy co-founder Michael Saylor plans to sell $216 million worth of stock options in the company to buy more Bitcoin for his personal account. Saylor, a vocal proponent of Bitcoin, has already acquired 189,150 BTC for MicroStrategy, worth over $8.5 billion at today's prices. He also holds 17,732 BTC in his personal account, worth just over $800 million at current prices. Saylor will exercise and sell 5,000 shares each trading day, starting on January 2nd and ending on April 25th, subject to a minimum price condition.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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