Bitcoin

April

<ul> 
 <li><em>Michael Saylor sold $216 million in MSTR shares.</em></li> 
 <li data-pm-slice="1 1 []"><em>MicroStrategy’s commitment to Bitcoin remained unwavering.</em></li> 
</ul> 
<p>MicroStrategy’s CEO and <a href="https://ambcrypto.com/search/Bitcoin" target="_blank" rel="noopener" data-wpel-link="internal">Bitcoin [BTC]</a> advocate, Michael Saylor, recently undertook a surprising move that caught the attention of the cryptocurrency community.</p> 
<p>Saylor, who has been one of the largest proponents of Bitcoin and has led MicroStrategy’s aggressive strategy of accumulating BTC, sold a significant amount of company shares.</p> 
<h4><strong>The biggest bull wants to acquire more BTC</strong></h4> 
<p>According to a regulatory filing with the U.S. Securities and Exchange Commission, Saylor initiated the sale of $216 million worth of MicroStrategy (MSTR) shares.</p> 
<p>The disclosed plan indicated that Saylor intended to sell 310,000 shares, which were originally awarded as stock options in 2014 and were set to expire in April 2024.</p> 
<p>The sales plan was not a sudden decision. Notably, a couple of months ago, Saylor explained during MicroStrategy’s third-quarter earnings call that he planned to sell 5,000 shares per trading day.</p> 
<p>This would commence on the 2nd of January and continue over four months, subject to a minimum price condition. The quarterly filing specified that he could sell up to 400,000 shares of his vested options through 26th April, 2024.</p> 
<h4><strong>The reasoning behind the sell-off</strong></h4> 
<p>In his statement during the earnings call, Saylor mentioned that exercising this option would allow him to address personal obligations and acquire additional Bitcoin for his personal account.</p> 
<p>He remained optimistic about MicroStrategy’s prospects, emphasizing that his equity stake in the company would remain significant even after these sales.</p> 
<p>The market reaction to this move was notable, with MicroStrategy’s share price experiencing a substantial decline. At the time of writing, MSTR was trading at $631.06 on the NASDAQ, marking a significant drop of 7.89% in the last 24 hours.</p> 
<div id="attachment_362096" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.18.37-PM.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362096" decoding="async" class="size-full wp-image-362096" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.18.37-PM.png" alt="" width="1368" height="990" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.18.37-PM.png 1368w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.18.37-PM-300x217.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.18.37-PM-1024x741.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.18.37-PM-768x556.png 768w" sizes="(max-width: 1368px) 100vw, 1368px"></a>
 <p id="caption-attachment-362096" class="wp-caption-text">Source: Google</p>
</div> 
<p>However, despite the short-term market reaction and possible bearish sentiment, the bigger picture highlights MicroStrategy’s unwavering commitment to Bitcoin.</p> 
<p>The company held 189,150 BTC, valued at over $8.14 billion, at press time. Notably, despite market fluctuations, MicroStrategy’s Bitcoin holdings remained profitable by $5,334,968.00.</p> 
<div id="attachment_362097" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362097" decoding="async" class="wp-image-362097 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM.png" alt="" width="1622" height="880" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM.png 1622w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM-300x163.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM-1024x556.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM-768x417.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-04-at-5.19.42-PM-1536x833.png 1536w" sizes="(max-width: 1622px) 100vw, 1622px"></a>
 <p id="caption-attachment-362097" class="wp-caption-text">Source: DropsTab</p>
</div>  
<p style="text-align: center;">Is your portfolio green? Check out the&nbsp;<a href="https://ambcrypto.com/calculator/profit" target="_blank" rel="noopener" data-wpel-link="internal">BTC Profit Calculator</a></p>  
<p>The strategic approach of MicroStrategy to accumulate and hold substantial amounts of Bitcoin reflected a bullish long-term perspective on the cryptocurrency.</p> 
<p>At press time, BTC was trading at $42,544.09, and sentiment around it had slightly taken a hit.</p> 
<div id="attachment_362095" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362095" decoding="async" class="wp-image-362095 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Bitcoin-BTC-17.17.24-04-Jan-2024-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-362095" class="wp-caption-text">Source: Santiment</p>
</div> 
<p><em>EDIT: The headline previously read “<span data-sheets-root="1" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Michael Saylor sells holdings: Should BTC holders be worried?&quot;}" data-sheets-userformat="{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}">Michael Saylor sells holdings: Should BTC holders be worried?”</span></em></p>

Michael Saylor sells $216M in MicroStrategy shares for more Bitcoin

AMBCrypto

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