MicroStrategy’s Saylor Reaps a Stock Windfall During Bitcoin’s Record Run
- Bitcoin proxy has outperformed the cryptocurrency this year
- The firm is ‘a retail magical belief stock,’ Campbell says
Michael Saylor
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
Michael Saylor’s decision back in 2020 to start buying Bitcoin has paid off in spades this year for the co-founder and executive chairman of MicroStrategy Inc.
Saylor has garnered an estimated $400 million or so from pre-planned daily sales of about 5,000 shares of the enterprise software company from January through last week, based on data compiled by Bloomberg. The share sales follow the exercising of options awarded in 2014 that were set to expire. The stock has doubled this year to around $1,290, surpassing the record-setting gains of the original cryptocurrency during the same period. At the end of 2014, MicroStrategy was trading at around $160.