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Stockoptions

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business-and-finance2 years ago•1 min saved

"Michael Saylor Converts $216M in MicroStrategy Stock into Bitcoin Investment"

Michael Saylor, co-founder of MicroStrategy, plans to sell $216 million in stock options to exercise and purchase more Bitcoin for his personal holdings. He will sell 5,000 shares daily from January 2nd to April 25th, subject to a minimum price condition. Saylor is known for his transformation into a Bitcoin advocate and has significant personal and company investments in the cryptocurrency. Despite his past statement against selling Bitcoin, he is exercising his options to fulfill financial obligations and increase his Bitcoin assets. MicroStrategy's aggressive Bitcoin acquisition strategy has placed the company in a strong position within the cryptocurrency market.

via Decrypt|

##bitcoin #business-and-finance

business-and-finance2 years ago•1 min saved

"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.

via CoinDesk|

##bitcoin #business-and-finance