MicroStrategy co-founder Michael Saylor sells stock to acquire more Bitcoin

According to ChainCatcher, as reported by Bitcoinist, MicroStrategy co-founder Michael Saylor seems to be formulating his own "Bitcoin strategy." He has begun selling company shares to acquire more Bitcoin. It is reported that Michael Saylor sold between 3,882 and 5,000 shares of MicroStrategy before the SEC approved the Bitcoin spot ETF, earning over $20 million. This is the first time he has sold shares in nearly 12 years. Saylor will use part of the profits from these sales to invest in Bitcoin.

According to previous reports, Michael Saylor plans to sell 315,000 shares of MicroStrategy, worth approximately $216 million. These shares are part of the stock options Saylor received from the company in 2014.