MicroStrategy’s Saylor Is Selling $216 Million of Company’s Shares

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MicroStrategy’s Saylor Is Selling $216 Million of Company’s Shares

Bloomberg01-03

Michael Saylor is selling almost $216 million worth of shares in MicroStrategy Inc., the software company he co-founded and turned into the largest publicly-traded holder of Bitcoin.The 315,000 shares...

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The company has benefited from a rally in the largest digital asset driven by expectations that the US will soon allow the nation’s first spot Bitcoin exchange-traded funds.The enterprise software maker increased its total holdings of the cryptocurrency to more than $8 billion through additional purchases last month.Saylor has previously argued that the company will remain an attractive option to investors seeking exposure to Bitcoin even if the US approves spot Bitcoin ETFs.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}