The executive chair of MicroStrategy, Michael Saylor, has made the decision to sell $216 million worth of company stock in order to raise further #BTC .
Saylor will sell 315,000 shares obtained through stock options as part of a pre-announced strategy. This would enable him to fulfil personal obligations and maybe enhance his #Bitcoin holdings.
With the recent acquisition of 14,620 Bitcoins for around $615.7 million, MicroStrategy has been rapidly growing its Bitcoin holdings.
#CoinClub states that this has brought the company's overall holdings to roughly 189,150 Bitcoins, acquired at a total cost of roughly $5.9 billion. Saylor has stated on MicroStrategy's fourth-quarter conference call that he intends to purchase additional #cryptocurrency Bitcoin therefore his decision to sell shares is thought to be a possible prelude to his own Bitcoin investments.