2024

Bitcoin

Gold

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 <p class="paragraph">Michael Saylor, the founder of MicroStrategy (NASDAQ: MSTR) and a prominent Bitcoin (BTC) advocate, has offloaded 400,000 <a rel="noopener noreferrer nofollow" title="shares" href="https://thebittimes.com/tag/shares.html">shares</a> of his company’s stock since the start of the year.</p>
 <p class="paragraph">The sales, netting Saylor approximately $370 million, were executed under a 10b5-1 trading plan established last year. This strategic move reflects a proactive approach to asset management as MicroStrategy’s <a rel="noopener noreferrer nofollow" title="shares" href="https://thebittimes.com/tag/shares.html">shares</a> and Bitcoin holdings continue to draw significant market attention.</p>
 <h2 class="wp-block-heading" id="h-stock-sales-and-strategic-growth">Stock sales and strategic growth</h2>
 <p class="paragraph">Since announcing a strategic pivot to Bitcoin in mid-2020, MicroStrategy has seen its market cap swell to $21.3 billion, largely due to its aggressive acquisition of over 214,000 Bitcoins. This bold move has not only redefined the company’s business model but has also significantly influenced its stock performance, with a 91% increase this year alone after a stellar 346% gain the previous year.</p>
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 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="465" src="https://cdn.thebittimes.com/images/2024/04/19/1e8b8be3a78e6b481accd469437fbaaf.webp" alt class="wp-image-170345" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2024/04/19/1e8b8be3a78e6b481accd469437fbaaf.webp 1024w, https://cdn.thebittimes.com/images/2024/04/19/1e8b8be3a78e6b481accd469437fbaaf.webp 300w, https://cdn.thebittimes.com/images/2024/04/19/1e8b8be3a78e6b481accd469437fbaaf.webp 768w, https://cdn.thebittimes.com/images/2024/04/19/1e8b8be3a78e6b481accd469437fbaaf.webp 1480w" sizes="(max-width: 1024px) 100vw, 1024px">
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   MSTR Year to date price chart. Source: <em>TradingView</em>
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 </figure>
 <p class="paragraph">The planned sales by Saylor were part of a 10b5-1 trading plan established last year, designed to allow systematic selling of up to 5,000 <a rel="noopener noreferrer nofollow" title="shares" href="https://thebittimes.com/tag/shares.html">shares</a> daily until April 25, 2024. The <a rel="noopener noreferrer nofollow" title="shares" href="https://thebittimes.com/tag/shares.html">shares</a> sold were tied to a vested stock option set to expire at the end of April 2024 if not exercised, showcasing a well-timed and structured approach to divestiture.</p>
 <p class="paragraph">Despite this sell-off, Saylor remains heavily invested in both MicroStrategy and Bitcoin, with personal Bitcoin holdings valued at about $1.1 billion.</p>
 <p class="paragraph">His influence continues to steer MicroStrategy’s strategy, focusing on leveraging Bitcoin’s market dynamics, particularly in anticipation of the upcoming Bitcoin halving event, which could further impact the cryptocurrency‘s value.</p>
 <p class="paragraph">The ongoing sales and MicroStrategy’s market maneuvers are closely monitored by investors and analysts, who view these moves as strategic rather than indicative of a lack of confidence.&nbsp;</p>
 <p class="paragraph">Saylor’s actions reflect a sophisticated understanding of both his company’s position in the stock market and the evolving landscape of digital assets.</p>
 <p class="paragraph"><strong><em>Disclaimer: </em></strong><em>The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/michael-saylor-unloaded-400-000-microstrategy-shares-in-2024-tbt85826.html">https://thebittimes.com/michael-saylor-unloaded-400-000-microstrategy-shares-in-2024-tbt85826.html</a></p>

Michael Saylor unloaded 400,000 MicroStrategy shares in 2024

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