Michael Saylor, the founder of MicroStrategy (NASDAQ: MSTR) and a prominent Bitcoin (BTC) advocate, has offloaded 400,000 shares of his company’s stock since the start of the year.
The sales, netting Saylor approximately $370 million, were executed under a 10b5-1 trading plan established last year. This strategic move reflects a proactive approach to asset management as MicroStrategy’s shares and Bitcoin holdings continue to draw significant market attention.
Stock sales and strategic growth
Since announcing a strategic pivot to Bitcoin in mid-2020, MicroStrategy has seen its market cap swell to $21.3 billion, largely due to its aggressive acquisition of over 214,000 Bitcoins. This bold move has not only redefined the company’s business model but has also significantly influenced its stock performance, with a 91% increase this year alone after a stellar 346% gain the previous year.
MSTR Year to date price chart. Source: TradingView
The planned sales by Saylor were pa
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