MicroStrategy founder Michael Saylor has sold a significant number of shares in the past few months. Last year, Saylor entered into a stock-sale agreement with MicroStrategy, allowing him to sell up to 400,000 shares by April of this year.
Recent Sales
Saylor has sold 370,000 shares, valued at about $372.7 million, accounting for over 90% of the agreed-upon shares. The agreement, known as a 10b5-1 plan, allowed Saylor to sell up to 5,000 shares daily until April 25. Saylor’s Class A holdings have decreased to 30,000 shares following the latest disclosed sale.
Despite a recent decline, MicroStrategy stock has seen significant growth, making it one of the top performers in the U.S. stock market.
Michael Saylor’s Holdings
Saylor holds significant Class B shares of MicroStrategy, along with a substantial amount of Bitcoin acquired in 2020.
MicroStrategy has accumulated over 214,000 BTC since 2020, now valued at approximately $13.6 billion. Bitcoin’s surge this year has boosted MicroStrategy’s returns, especially with the launch of spot BTC exchange-traded funds (ETFs) in January. This was further boosted with the recent Bitcoin halving.
Saylor highlights MicroStrategy’s advantage as a leveraged Bitcoin play without associated management fees. MicroStrategy raised $782 million through a convertible debt sale last month, intending to acquire more Bitcoin with the proceeds.
