"Michael Saylor Liquidates $216M in MicroStrategy Shares to Increase Bitcoin Holdings"

Michael Saylor, executive chairman of MicroStrategy, has initiated the sale of $216 million worth of stock options, planning to sell 5,000 shares daily over the next four months. The sale is part of a strategy disclosed during the company's third quarter earnings call, with Saylor aiming to meet personal obligations and purchase more Bitcoin. Despite the sale, Saylor remains optimistic about MicroStrategy's future and will retain a significant equity stake in the company. MicroStrategy is currently the largest corporate holder of Bitcoin, and its shares rose 8.5% against a backdrop of a general slump in cryptocurrency-focused stocks.