2024

Bitcoin ETF

Bitcoin

Million

April

<ul class="list-ic vertical">
 <li>1 <a>Michael Saylor, MicroStrategy’s executive chairman prepared himself to buy more Bitcoin (BTC).</a></li>
 <li>2 <a>Selling $216 Million of MicroStrategy Stocks to secure a considerable position in the crypto world.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a></li>
</ul>
The story of Michael Sayler’s shares selling is no new to the crypto world. The executive chairman of MicroStrategy is fully focused on buying more and more BTC in the upcoming days. In continuation, he made another major move, all set to sell $216M in MicroStrategy Stocks.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h2 class="wp-block-heading" id="strong-what-s-going-on-in-sayler-s-mind-strong">What’s Going On In Sayler’s Mind?&nbsp;</h2>
The story of selling shares came into the limelight in the November 1 Q-1 filing with the SEC. Saylar was permitted to sell approximately 400,000 shares of vested options between January 2 and April 26, 2024.&nbsp;&nbsp;
On November 2, 2023, Saylor revealed his full plan to sell 5,000 MSTR shares daily for the next four months.
In a January 2024 filing with the<a href="https://www.thecoinrepublic.com/2024/01/02/kava-crypto-price-prediction-whats-next-for-kava-in-2024/" target="_blank" rel="noopener noreferrer nofollow"> SEC</a>, Michael Saylor disclosed his plan to sell stocks, all prepared to begin a four-month procedure of selling $216 Million of his shares.
The previous moves of Sayler’s would be used to purchase more BTC.
In continuity with the plan, Sayler has already begun selling his 315,000 stock options awards, selling his first tranche of 5,000 shares. The options award was granted to Sayler in April 2014 and expires on April 30, 2024.&nbsp;&nbsp;&nbsp;&nbsp;
“The selling of the MicroStrategy stocks will be used for personal obligations and BTC buying”, said during MicroStrategy’s third-quarter earnings call.&nbsp;
As per the plan, MicroStrategy already bought 14,620 BTC for $615 Million on December 27 and is expected to grow more in the upcoming days. Moreover, he is sure that staking in the company’s equity will remain secure despite personal sales.&nbsp;&nbsp;&nbsp;
Uncovering Saylor’s BTC buying plan, MicroStrategy’s total BTC holding reached 189,150 BTC which is valued at over $8.5 Billion. MicroStrategy also created its position among the top BTC holders, according to Crypto News.&nbsp;&nbsp;
Summing up the scenario, Michael Saylor considers Bitcoin on a bull run in 2024.
“Bitcoin will go on a bull run in 2024, and spot Bitcoin ETF approval could be the significant development on Wall Street in 30 years”, said Sayler in an interview with Bloomberg.&nbsp;&nbsp;
If this happens, MicroStrategy will remain one of the inviting options for investors looking for exposure in BTC.&nbsp;
<h2 class="wp-block-heading" id="strong-bitcoin-s-current-performance-strong">Bitcoin’s Current Performance&nbsp;</h2>
Taking a look at Bitcoin’s performance, the year 2024 came up with lots of surprises for BTC holders. The crypto hit an all-time high of $45K on January 2, since April 2022. However, the happiness wasn’t sustained for long, as BTC’s price declined to $42.640 in a day.&nbsp;
A sudden decline of 6.81% in 24 hours stirred the crypto universe, creating a tense environment for BTC holders as well as companies who applied for spot Bitcoin ETF.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h4 class="wp-block-heading">Disclaimer&nbsp;</h4>
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Michael Saylor to Buy BTC, Sell $216M in MicroStrategy Stocks

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Thecoinrepublic.com

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