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MicroStrategy's Michael Saylor starts sales
Michael Saylor, a name identified with MicroStrategy, which recently announced the purchase of 14 thousand new Bitcoins, started to sell the reward shares that the company started to give him 10 years ago.
4-month duration for $216 million in sales
Michael Saylor, who has been awarded a total of 315,000 shares since 2014, announced that he sold 5000 shares with his notification to the US Securities and Exchange Commission (SEC). Saylor has until April 30 to complete all sales.
"Opportunity to buy Bitcoin"
Speaking at the company's quarterly report on Nov. 2, Saylor said he plans to sell 5,000 shares per day, allowing him to more easily handle his personal obligations with the company and also buy more Bitcoin. Saylor also informed that despite these sales, the share in the company is still very high.
MicroStrategy, which closed yesterday's trading day at $ 685, brought its investor a 411% gain in the last year.
On Dec. 27, the company announced that it had purchased 14,620 Bitcoins worth $615 million. MicroStrategy currently holds 189,150 Bitcoins, and their total value is around $8.5 billion.
Published: January 3, 2024 09:06