Franklin

April

Edge

Spot

<ul> 
 <li>In the days leading up to the SEC approval of Bitcoin ETF, Saylor sold 3,882–5,000 shares.</li> 
 <li>This news follows the recent $216 million sale of MSTR shares by the firm.</li> 
</ul> 
Before the U.S. SEC recently approved ETFs which allowed direct investing in Bitcoin, MicroStrategy co-founder Michael Saylor sold shares in a number of different offerings. In the days leading up to the <a href="https://thenewscrypto.com/u-s-sec-chair-gary-gensler-speaks-up-on-spot-bitcoin-etf-decision/" target="_blank" rel="noreferrer noopener">SEC</a> approval (January 2–January 10), Saylor sold 3,882–5,000 shares, according to Bloomberg data. 
This was Saylor’s first sale of the firm shares in about twelve years, and the deals reportedly made him almost $20 million. This news follows the recent $216 million sale of <a href="https://www.marketwatch.com/investing/stock/mstr" target="_blank" rel="noreferrer noopener nofollow">MSTR</a> shares by the firm. A representative from MicroStrategy has confirmed that Michael Saylor has sold shares recently and has clarified that these transactions are in line with a strategy that was revealed in a filing last year. 
<h3 class="wp-block-heading" id="h-more-bitcoin-buying-underway">More Bitcoin Buying Underway</h3> 
The representative also said that the recent SEC approval of Bitcoin ETFs has nothing to do with these transactions. From January 2, 2024, through April 26, 2024, there will be planned sales of up to 5,000 shares every day, with the goal of selling a maximum of 400,000 shares in that time. 
Despite having large <a href="https://thenewscrypto.com/franklin-templeton-boosts-edge-with-spot-bitcoin-etf-fee-slash/" target="_blank" rel="noreferrer noopener">Bitcoin</a> holdings, top business analytics company MicroStrategy suffered heavy losses during the last crypto winter. Because of the market crash, the corporation had to suffer huge losses. 
In an unexpected twist, however, <a href="https://www.microstrategy.com/en" target="_blank" rel="noreferrer noopener nofollow">MicroStrategy’s</a> present Bitcoin holdings are now worth almost $8.3 billion. The company’s resiliency and recovery in the crypto market are shown by this substantial paper gain of over 40%. Moreover, Saylor has previously mentioned that he plans to buy more Bitcoin from funds gained by selling the shares. 
Since the start of the year, MicroStrategy’s stock price has dropped 23%. A portion of the decline is attributable to worries that the introduction of exchange-traded funds (ETFs) may reduce the allure of investing in the company’s stock. 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/franklin-templeton-boosts-edge-with-spot-bitcoin-etf-fee-slash/" target="_blank" rel="noreferrer noopener">Franklin Templeton Boosts Edge With Spot Bitcoin ETF Fee Slash</a>

MicroStrategy Co-Founder Michael Saylor Sells $20M in Shares

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