Michael Saylor, co-founder MicroStrategy Inc. received approximately $370 million from the sale of its shares, according to CNBC.
Saylor “entered into a stock plan with his company last summer. This allowed him to sell up to 400,000 shares in the first four months of 2024,” according to the report.
Saylor said last November that he intended to sell his shares. “I received 400,000 stock options in 2014 that expire next April,” Saylor detailed, saying at the time he planned to sell 5,000 shares per day between January 2 and April 25.
According to CNBC, Saylor has sold more than 90% of its 400,000 shares.
At the end of March, MicroStrategy shares It’s worth more than three times. This is because the price of bitcoin hit an all-time high of $73,000 last month. MicroStrategy It reportedly purchased another 9,245 bitcoin with $623 million in cash, bringing its total bitcoin holdings to 214,246 bitcoin.
refer : theblock.co
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