2024

Bitcoin

April

Bitcoin evangelist Michael Saylor has made $370 million from the sale of MicroStrategy shares this year. MicroStrategy’s founder entered into a stock-sale agreement with the company last year to sell his shares in the company until April 2024 this year.
<h2 id="michael-saylor-made-370-million-from-share-sale">Michael Saylor Made $370 Million From Share Sale</h2>
MicroStrategy founder and executive chairman Michael Saylor pocketed $370 million from MicroStrategy stock sale, reported <a rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2024/04/19/bitcoin-bull-michael-saylor-made-370-million-from-microstrategy-sales.html" target="_blank">CNBC</a> on April 19. On Wednesday, he also sold shares worth $3,023,309 with sales prices for these shares between $1,189.12 and $1,258.05.
Saylor made a stock-sale agreement with the company last year to sell up to 400,000 shares in the first four months of 2024. With 90% of the plan completed, Saylor has made substantial profits from stock sales. The increase in Bitcoin price and MicroStrategy stock price.
<a href="https://coingape.com/breaking-microstrategy-buys-9245-btc-now-holds-1-of-all-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> currently owns 214,246 BTC, holding 1% of all Bitcoin in the world after the latest buy of 9,245 BTC for $623 million. Saylor is the largest shareholder of MicroStrategy, with Class B holdings worth about $2.3 billion. Moreover, Class A holdings of <a rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1050446/000095017024045551/xslF345X03/ownership.xml" target="_blank">MicroStrategy shares</a> are down to 30,000 shares after the latest sale disclosed on Thursday.
Michael Saylor remains bullish on MicroStrategy and Bitcoin to rally over $100,000. However, he expects BTC price to hit $350,000 in 2024 bull run.
Also Read: <a href="https://coingape.com/tether-expands-usdt-support-on-ton-blockchain/" target="_blank" rel="noopener noreferrer nofollow">Tether Expands USDT Support On TON Blockchain, Toncoin Price Soars 15%</a>
<h2 id="microstrategy-stock-price-drops-37">MicroStrategy Stock Price Drops 37%</h2>
MSTR price saw a 37% pullback from its March high, with a 15% drop coming this week as Bitcoin price saw a significant downfall. However, MicroStrategy shares are still up 81% YTD and 346% in 2023, becoming one of the top performers in bear market.
<a href="https://coingape.com/crypto-stocks-coin-mstr-rally-amid-broader-market-recovery/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy price</a> is trading up nearly 3% in the opening hours, with the price currently trading at 1,242 as Bitcoin price also rebounded after hitting a low of $59,600 in the last 24 hours.
Also, <a href="https://coingape.com/price/bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> currently trades 5% up at $65,000, with a 24-hour low and high of $59,600 and $65,481, respectively.
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The post <a href="https://coingape.com/michael-saylor-pockets-370m-from-microstrategy-share-sale-before-bitcoin-halving/" rel="noopener noreferrer nofollow">Michael Saylor Pockets $370M From MicroStrategy Share Sale Before Bitcoin Halving</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Michael Saylor Pockets $370M From MicroStrategy Share Sale Before Bitcoin Halving

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