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 <p>MicroStrategy co-founder Michael Saylor has started selling $216 million worth of MicroStrategy shares, with part of the funds raised going towards buying more Bitcoin.</p>
 <p>A filing with the US Securities and Exchange Commission (SEC) disclosed that the Bitcoin bull would sell 315,000 MSTR shares.</p>
 <p>During MicroStrategy‘s third-quarter earnings call, Saylor said the sale would go towards “addressing personal obligations” and acquiring BTC for his personal account.</p>
 <p>The 315,000 MSTR shares are a stock option granted in 2014, and which expires in April next year. During the Q3 earnings call, Saylor said he plans to sell 5,000 MSTR shares daily between January 2 and April 25.</p>
 <p>Saylor also said that his stake in MicroStrategy remained “significant” despite the recent share sale.</p>
 <h2 id="microstrategy-firm-s-bitcoin-holdings-grow-to-189-150-btc">MicroStrategy Firm’s Bitcoin Holdings Grow to 189,150 BTC</h2>
 <p>MicroStrategy is the largest corporate holder of Bitcoin. It has accumulated 189,150 BTC, worth $8.55 billion at the current prices.</p>
 <p>The company’s last purchase was on Dec. 27, when it bought 14,620 BTC for $615 million.</p>
 <p>MicroStrategy outperformed Bitcoin over the past year. It’s soared 339% while the king of crypto jumped 158%. But 10X research says MSTR shares are 25% overvalued and face the risk of a steep correction.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">This year #Bitcoin empowered @MicroStrategy. 🚀 pic.twitter.com/8DbXQwovI1</p>
  <p>— Michael Saylor⚡️ (@saylor) December 31, 2023</p>
 </blockquote>
 <p></p>
 <p>&nbsp;</p>
 <p>BTC hit $45K on January 2, marking the highest level since April 2022. The gains come as crypto traders eagerly await the approval of spot Bitcoin exchange-traded funds (ETFs).</p>
 <h3 id="also-read">Also Read</h3>
 <ul>
  <li>After MicroStrategy Buys Another $615 Million Bitcoin, Analyst Says Its Stock Is 26% Overvalued</li>
  <li>Bitcoin ATMs Installed Globally Drop For The First Time In 10 Years</li>
  <li>Top Macro Analyst Says $100K Bitcoin Price Would Be ‘’Disappointing’’ In Next Bull Run, Hopes For $200K</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/michael-saylor-starts-selling-216-million-microstrategy-shares-will-buy-more-bitcoin-tbt75489.html">https://thebittimes.com/michael-saylor-starts-selling-216-million-microstrategy-shares-will-buy-more-bitcoin-tbt75489.html</a></p>
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Michael Saylor Starts Selling $216 Million MicroStrategy Shares, Will Buy More Bitcoin

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