MicroStrategy’s co-founder Micheal Saylor looks to be building a ‘Bitcoin Strategy’ of his own. This can deduced from a recent report, which shows that he has begun to sell off some of his company’s stocks in a bid to acquire more of the flagship cryptocurrency.
Saylor Sells MicroStrategy Shares
According to a Bloomberg report, Michael Saylor sold between 3,882 and 5,000 MicroStrategy shares on certain days leading up to the SEC’s approval of the Spot Bitcoin ETFs. These sales are reported to have earned the company’s co-founder over $20 million in total. This is said to be the first time that he has sold shares in nearly 12 years.
Saylor will be using some of the profits made from these sales to invest in Bitcoin. Bitcoinist had previously reported Saylor’s plan to sell up to 315,000 of the company’s shares in order to boost his BTC holdings. These shares formed part of the stock option that Saylor had received from the company back in 2014.
As part of his plan,
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