MicroStrategy co-founder Saylor sells $216 million worth of company stock

Michael Saylor, co-founder of U.S.-based business intelligence company MicroStrategy Inc., said he is selling 315,000 shares of the company, worth about $216 million. filing On Tuesday.

Saylor previously told the company: 3rd quarter performance announcement He said he plans to use the funds to personally purchase more Bitcoin and address “financial obligations” in 2023.

“I was granted stock options in 2014 for 400,000 shares that are scheduled to expire in April of next year,” Saylor said in a call last November, adding that he planned to sell 5,000 shares per trading day from Jan. 2 to April 25. .

Microstrategy shares are up 21.65% over the past month and closed Tuesday up 8.48% at $685.15.

The company continues to be the largest publicly traded corporate holder of Bitcoin. After his last purchase of 14,620 BTC last December, he now has 189,150 BTC (worth $8.55 billion at current prices).

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