Michael Saylor Makes $370 Million from MicroStrategy Stock Sales
Michael Saylor, the founder of MicroStrategy, signed a stock sale agreement with the company last year, allowing him to sell up to 400,000 shares of stock by April of this year. With more than 90% of the plan completed, Saylor has made a net profit of about $370 million from this year's stock sales, thanks to the significant increase in the value of MicroStrategy (actually Bitcoin). Saylor is the largest shareholder of MicroStrategy, with Class B shares worth about $2.3 billion. As of the end of 2023, Saylor owns an additional 400,000 Class A shares of stock due to options he received in 2014, which he is quickly selling. According to documents, as of this week, Saylor has sold 370,000 shares of stock, worth a total of $372.7 million. As of the latest sales disclosed on Thursday, he now holds only 30,000 Class A shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Montenegro’s Justice Minister signs order to extradite Do Kwon to US
Nearly two years after Kwon's apprehension, the extradition battle between the US and South Korea comes to an end.
Solana co-founder Stephen Akridge accused of misappropriating ex-wife’s crypto gains
Although the amount is not specified in the lawsuit, Stephen Akridge's ex-wife claims it is "millions of dollars."
Why Pi Network KYC is important before 2025 Mainnet launch
The goal is to reduce the gap between the number of KYC-approved users and those who have migrated to the Mainnet.
XRP Price Could Hit $8 When Market Rebounds: Analyst