MicroStrategy’s Saylor Is Selling $216 Million of Company’s Shares
- Co-founder Saylor disclosed the plan in a filing on Tuesday
- Bitcoin-holder MicroStrategy has surged on a rally in token
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Michael Saylor is selling almost $216 million worth of shares in MicroStrategy Inc., the software company he co-founded and turned into the largest publicly-traded holder of Bitcoin.
The 315,000 shares were acquired via stock options, according to a filing on Tuesday. A MicroStrategy spokesperson said the company previously announced a plan for Saylor to sell as much as 400,000 of stock between Jan. 2 and April 26 this year.