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Michael Saylor, MicroStrategy CEO, has filed a request with the U.S. Securities and Exchange Commission (SEC) to sell company shares worth $216 million.
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Michael Saylor, the CEO of MicroStrategy, a U.S.-based software company and one of the largest institutional Bitcoin (BTC) investors, filed a regulatory filing with the U.S. Securities and Exchange Commission to sell the stock awards that were first granted to him in 2014. The filing includes 310,000 shares that were granted in 2014 and will expire in April.
Saylor had previously announced during MicroStrategy’s third-quarter earnings call that he plans to sell 5,000 shares per trading day until the end of April, depending on the minimum price.
2024, The Year of Bitcoin!
Saylor, who has made posts about the value and importance of Bitcoin (BTC), said that he could buy Bitcoin into his personal account with this move. Saylor also revealed that his stake in the company is still very high despite his stock sales.
Welcome to 2024, The Year of #Bitcoin. pic.twitter.com/wHCyH8RHJa
— Michael Saylor⚡️ (@saylor) January 1, 2024