Michael Saylor Sells MicroStrategy Shares for $216 Million | BasEx News
Michael Saylor Sells MicroStrategy Shares for $216 Million
07.01.2023
Michael Saylor Sells MicroStrategy Shares for $216 Million

MicroStrategy CEO Michael Saylor has sold 315,000 shares of his analytics firm, collecting nearly $216 million in the process. Details of the transaction were disclosed in documents provided to the SEC.

At the end of last year, Saylor announced plans to sell up to 400,000 shares between January 2 and April 26, 2024.

Over the past year, the company's stock value has significantly increased, showing a growth of 372%. Currently, the shares are trading at around $690.

Previously, Saylor expressed his belief that bitcoin has become the leader in 2023. He also speculated that by 2024, the leading cryptocurrency's value could reach $100,000, generating considerable interest among his followers.

In December, the MicroStrategy founder speculated that the launch of a bitcoin ETF in the spot market could be a significant event for Wall Street, the first in the last 30 years. In his opinion, this instrument will provoke waves of demand for bitcoin, as well as a subsequent supply shortage due to halving.

Saylor also commented on the future of bitcoin, asserting that the cryptocurrency will either become worthless or reach a value of $1 million. In his view, bitcoin needs institutional recognition to achieve such a level.

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