$BTC MicroStrategy Founder Michael Saylor Nets $370 Million from Stock Sales: A Strategic Move Amid Company Growth 📢
Michael Saylor, the founder of MicroStrategy, has made about $370 million from selling company shares as part of a stock-sale plan he entered into with the company last summer. Saylor has been selling up to 400,000 shares over the past four months, with 370,000 shares already sold, representing over 90% of the agreed-upon amount. This sale plan was in line with a 10b5-1 plan, allowing him to sell up to 5,000 shares daily from January to April.
Despite a decline in MicroStrategy's stock from its peak, the company has seen significant growth, with its stock rising 91% this year following a 346% surge in 2023. Saylor, being the largest MicroStrategy shareholder, holds Class B shares valued at around $2.3 billion and also owns 17,732 BTC acquired in 2020. His recent stock sales have been part of a planned strategy, and he still holds a substantial amount of wealth in MicroStrategy and Bitcoin.
