In a filing with the U.S. Securities and Exchange Commission (SEC), Michael Saylor, co-founder and CEO of software company MicroStrategy, revealed his plan to sell company stock options worth $216 million. This is equivalent to approximately R$1 billion at the current exchange rate in reais.

This move is in line with Saylor's strategy, which seeks to allocate part of the resources to expanding his personal holdings in Bitcoin.

The announcement of this plan came during MicroStrategy's fourth-quarter earnings call, where Saylor explained his intention to sell 310,000 stock option awards granted in 2014.

“I received a stock option in 2014 for 400,000 shares, which will expire in April if not exercised by then.”

As detailed by the executive, the strategy involves the sale of 5,000 shares each trading day, starting in January and concluding on April 25, subject to a minimum price condition. Saylor emphasized that exercising this option will help meet financial obligations and acquire additional Bitcoins for your personal account.

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