📊 Michael Saylor's Stock Sales:
📉 Shares Sold: Saylor has sold up to 370,000 MicroStrategy shares in the past four months, part of an agreement allowing him to sell up to 400,000 shares until April this year.
💰 Sales Value:
These sales amounted to about $372.7 million, with over 90% of the agreed shares sold.
📆 Sales Plan:
Saylor's sales plan, a 10b5-1 plan, allowed him to sell up to 5,000 shares daily from January 2 to April 25, linked to a vested stock option expiring on April 30, 2024.
💼 Remaining Holdings:
Despite the sales, Saylor remains the largest MicroStrategy shareholder with estimated Class B holdings valued at $2.3 billion.
📈 Company Performance:
MicroStrategy's stock has experienced growth despite a recent decline, rising 91% this year after a remarkable 346% surge in 2023.
💱 Bitcoin Holdings:
Saylor's wealth is mainly tied to his Class B MicroStrategy holdings and 17,732 BTC acquired in 2020, now valued at approximately $1.1 billion.
⚡ MicroStrategy's Bitcoin Accumulation:
The company has amassed over 214,000 BTC since 2020, now valued at approximately $13.6 billion, constituting the majority of its $21.3 billion market capitalization.
📈 Bitcoin Market Surge:
Bitcoin's surge, fueled by spot BTC ETF launches and the recent halving, has increased MicroStrategy's returns.
💼 MicroStrategy's Advantage:
Saylor notes the company's advantage as a leveraged Bitcoin play without associated management fees, amidst a market with various Bitcoin investment options.
💰 Convertible Debt Sale:
Last month, MicroStrategy raised $782 million through a convertible debt sale at a low interest rate, with the intention of acquiring more BTC with the proceeds.
