MicroStrategy Co-Founder Michael Saylor to Sell $216 Million in Stock Options to Buy More Bitcoin for Personal Account
MicroStrategy co-founder Michael Saylor plans to sell $216 million worth of stock options in the company to buy more Bitcoin for his personal account. Saylor, a vocal proponent of Bitcoin, has already acquired 189,150 BTC for MicroStrategy, worth over $8.5 billion at today's prices. He also holds 17,732 BTC in his personal account, worth just over $800 million at current prices. Saylor will exercise and sell 5,000 shares each trading day, starting on January 2nd and ending on April 25th, subject to a minimum price condition.
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