Michael Saylor Initiates $216 Million MicroStrategy Stock Sale

• MicroStrategy’s Executive Chairman, Michael Saylor, begins a four-month process to sell $216 million in MicroStrategy shares.
• Saylor intends to sell 5,000 MicroStrategy shares daily for four months to address personal obligations and accumulate more Bitcoin.
• MicroStrategy has outperformed Bitcoin, gaining 411% over the past year, and recently purchased an additional $615 million worth of Bitcoin.

MicroStrategy’s Executive Chairman, Michael Saylor, has kickstarted a four-month process to sell $216 million worth of his MicroStrategy shares. The goal? To increase his Bitcoin holdings, making a bold move in favor of the world’s leading cryptocurrency.

Saylor officially began this strategic sale on January 2nd, starting with the initial sale of 5,000 shares. This marks the commencement of a four-month journey with a clear objective in mind.

The decision to divest from MicroStrategy was first revealed during the company’s third-quarter earnings call on November 2nd.

In this call, Saylor outlined his plan to sell 5,000 MicroStrategy shares daily for the next four months. His aim? To handle “personal obligations” and accumulate more Bitcoin.

Saylor emphasized that despite these personal sales, his commitment to MicroStrategy’s equity remains substantial.

Time is of the essence. As per a November 1st Q-10 filing with the United States SEC, Saylor is authorized to sell a maximum of 400,000 shares of his vested options from January 2nd to April 26th this year. This timeline sets the stage for his calculated strategy.

MicroStrategy’s Impressive Performance

While Bitcoin has witnessed a solid 170% rally since the start of the previous year, MicroStrategy’s stocks have soared by an impressive 411% over the same period, according to TradingView data.

This remarkable performance underscores the company’s dedication to its core operations and strategic Bitcoin acquisitions. On December 27th, MicroStrategy furthered its commitment by purchasing an additional 14,620 Bitcoin for a total of $615 million.

This move pushed MicroStrategy’s Bitcoin holdings to an impressive 189,150 BTC, valued at approximately $8.5 billion at current market prices.

Crypto Prices Surge as Stocks Stumble

On the first trading day of the year:

• Bitcoin’s Performance: Bitcoin surpassed $45,000, trading around $45,400, up nearly 3% in 24 hours and 7% over five days.
• Ether’s Gain: Ether increased by 1%, trading near $2,400.
• Coinbase Stock Decline: Coinbase’s stock fell 9.8% on the first trading day of the year, marking its worst daily decline since mid-2023.
• Bitcoin Miners’ Performance: Bitcoin miners like Marathon Digital and Riot Platforms also experienced declines, failing to benefit from Bitcoin’s rally.
• MicroStrategy’s Positive Movement: In contrast, MicroStrategy saw a 7.9% gain on Tuesday.
• Equity Market Downturn: The S&P 500 and Nasdaq Composite experienced declines, continuing a trend from late last week.