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
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
