{"id":25387,"date":"2024-01-03T09:46:58","date_gmt":"2024-01-03T09:46:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-chair-saylor-begins-216m-stock-sale\/"},"modified":"2024-01-03T09:46:58","modified_gmt":"2024-01-03T09:46:58","slug":"microstrategy-chair-saylor-begins-216m-stock-sale","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-chair-saylor-begins-216m-stock-sale\/","title":{"rendered":"MicroStrategy Chair Saylor Begins $216M Stock Sale"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p><a href=\"https:\/\/igaming.org\/cryptocurrencies\/michael-saylor-net-worth-microstrategy-chairman-and-bitcoin-bull\/\">Michael Saylor<\/a>, the executive chairman of MicroStrategy, has started selling a portion of his stock options in the company, valued at $216 million. This move was detailed in a recent filing with the U.S. Securities and Exchange Commission. Saylor is set to sell 310,000 stock option awards that were given to him in 2014 and are due to expire this April.<\/p>\n<p>Saylor explained his reasons for this decision during MicroStrategy\u2019s third-quarter earnings call. He plans to sell about 5,000 shares every trading day over the next four months, provided the price meets his expectations. This approach was first mentioned in the company\u2019s 10-Q filing, highlighting that he may sell up to 400,000 of his vested shares by April 26.<\/p>\n<p>Saylor stated, \u201cExercising this option will allow me to address personal obligations as well as acquire additional <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">bitcoin<\/a> (BTC) to my personal account.\u201d He also added, \u201cI continue to be optimistic about MicroStrategy\u2019s prospects and should note that my equity stake in the company after these sales will remain very significant.\u201d<\/p>\n<p>MicroStrategy holds a prominent position in the cryptocurrency world. As of December, the company is the largest corporate holder of bitcoin, with about <a href=\"https:\/\/igaming.org\/crypto\/microstrategy-bolsters-bitcoin-reserves-with-a-615-7-million-purchase\/\">189,000 BTC in its treasury<\/a>, valued at approximately $8.5 billion. Interestingly, on the day Saylor began selling his stock options, MicroStrategy\u2019s shares rose by 8.5%, a contrast to the overall downturn in cryptocurrency-focused stocks.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/michael-saylor-starts-selling-216m-in-microstrategy-stock-options\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Michael Saylor, the executive chairman of MicroStrategy, has started selling a portion of his stock options in the company, valued at $216 million. This move was detailed in a recent filing with the U.S. Securities and Exchange Commission. Saylor is set to sell 310,000 stock option [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25387"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25387"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25388"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}