MicroStrategy’s Saylor Sold Shares Daily in Runup to ETF Launch
- Saylor has netted about $20 million from his recent sales
- Plan is for the co-founder to sell as much as 400,000 shares
Michael Saylor
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
MicroStrategy Inc.’s co-founder Michael Saylor has been selling company shares leading up to the US Securities and Exchange Commission’s approval of exchange-traded funds investing directly into Bitcoin.
The company’s executive chairman sold between 3,882 and 5,000 shares on certain days between Jan. 2 and Jan. 10, when the SEC made the announcement, data compiled by Bloomberg shows. The sales likely netted Saylor more than $20 million. It is the first time he has sold shares in nearly 12 years, the data shows.