{"id":68114,"date":"2024-01-03T03:12:56","date_gmt":"2024-01-03T07:12:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=68114"},"modified":"2024-01-03T03:12:59","modified_gmt":"2024-01-03T07:12:59","slug":"michael-saylor-to-sell-216m-in-microstrategy-stocks-for-additional-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/michael-saylor-to-sell-216m-in-microstrategy-stocks-for-additional-bitcoin\/","title":{"rendered":"Michael Saylor to Sell $216M in MicroStrategy Stocks for Additional Bitcoin"},"content":{"rendered":"\n

Michael Saylor, executive chairman of MicroStrategy<\/a>, has initiated a four-month process to sell $216 million worth of his company's stocks, stating a portion of the proceeds will be used to purchase additional Bitcoin.<\/p>\n\n\n\n

\"Michael
Michael Saylor to Sell $216M in MicroStrategy Stocks for Additional Bitcoin<\/figcaption><\/figure>\n\n\n\n

Saylor disclosed in a filing with the United States Securities and Exchange Commission dated January 2 that he had commenced the sale of the 315,000 stock options initially allocated to him in April 2014. The options on the issued stock will expire on April 30, 2024.<\/p>\n\n\n\n

\"\"
Michael Saylor has already begun selling his MicroStrategy shares. Source: SEC<\/figcaption><\/figure>\n\n\n\n

Saylor commenced the procedure on January 2, selling his initial allotment of 5,000 shares, as per the filing.<\/p>\n\n\n\n

Saylor stated on the November 2 call for third-quarter earnings of MicroStrategy that he intended to sell 5,000 MSTR shares per day for the next four months to satisfy “personal obligations” and increase his Bitcoin holdings<\/a>.<\/p>\n\n\n\n

Saylor stated on the call, “By exercising this option, I will be able to fulfill personal obligations and acquire additional Bitcoin for my account.” He added that his stake in the company's equity remains “significant despite personal transactions.”<\/p>\n\n\n\n

Saylor may exercise a maximum of 400,000 vested options for sale from January 2 to April 26 this year, as disclosed in a Q-10 filing with the SEC on November 1.<\/p>\n\n\n\n

MicroStrategy has outperformed the asset by over twofold, increasing by 411% over the past year, according to TradingView data, whereas Bitcoin experienced a remarkable 170% increase since the beginning of last year.<\/p>\n\n\n\n

MicroStrategy \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>acquired an additional 14,620 Bitcoin on December 27 for $615 million. The acquisition increased MicroStrategy's Bitcoin holdings to an astounding 189,150, currently valued at approximately $8.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Saylor, executive chairman of MicroStrategy, has initiated a four-month process to sell $216 million worth of his company’s stocks, stating a portion of the proceeds will be used to purchase additional Bitcoin. Saylor disclosed in a filing with the United States Securities and Exchange Commission dated January 2 that he had commenced the sale […]<\/p>\n","protected":false},"author":12,"featured_media":7989,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[15019,1876,17740],"class_list":["post-68114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-3","tag-michael-saylor","tag-microstrategy-stock"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Bitcoin-is-Hope-For-Canada-Michael-Saylor.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/68114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=68114"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/68114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7989"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=68114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=68114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=68114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}