Black Friday Sale! Save huge on InvestingProGet up to 60% off

Microstrategy CEO Saylor sells $216 million in stock as share surge on bitcoin bounce

Published 01/03/2024, 07:30 PM
© Shutterstock
MSTR
-
BTC/USD
-

In a Form 144 filing, Microstrategy, Inc. (NASDAQ:MSTR) CEO, Michael Saylor, disclosed the sale of 315,000 common shares worth approximately $216 million via his broker Merrill Lynch. The expected date of the sale was 01/02/2024.

Saylor acquired 310,000 of the shares through a 2014 stock option award and the other 5,000 on 01/02/2024 through a stock option exercise.

The sale came as Microstrategy's stock has surged 384% over the last year as Bitcoin prices have rebounded sharply, up 169% over the same period.

As of December 26, 2023, MicroStrategy held an aggregate of approximately 189,150 bitcoins, which were acquired at an aggregate purchase price of approximately $5.895 billion and an average purchase price of approximately $31,168 per bitcoin, inclusive of fees and expenses. Based on the current price of Bitcoin, the holding is worth approximately $8.48 billion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.