Michael Saylor, the co-founder of MicroStrategy Inc., engaged in a series of share sales leading up to the recent approval by the U.S. Securities and Exchange Commission (SEC) of exchange-traded funds directly investing in Bitcoin.
MicroStrategy Sells MSTR Just Before ETF Approval
According to data compiled by Bloomberg, Saylor sold between 3,882 and 5,000 shares on specific days from January 2 to January 10, coinciding with the SEC’s announcement. The transactions are estimated to have yielded Saylor over $20 million, marking the first instance of him selling company shares in nearly 12 years. This development comes as the company already sold $216 million worth of MSTR stock last week.
A spokesperson for MicroStrategy has verified the recent share sales by Michael Saylor, clarifying that these transactions are part of a pre-existing plan disclosed in a filing last year. The spokesperson emphasized that these sales are unrelated to the recent approvals of Bitcoin exchang
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