April

Michael Saylor, the brain behind MicroStrategy, has scored big as he cashed in a whopping $372.7 million by selling 370,000 shares this year, making up over 90% of what was planned.&nbsp; 
Using a smart strategy known as a 10b5-1 plan, Saylor could sell up to 5,000 shares daily from January to April, linked to a vested stock option set to expire by April 30, 2024. Now, he’s <a href="https://www.sec.gov/Archives/edgar/data/1050446/000095017024045551/xslF345X03/ownership.xml" target="_blank" rel="noreferrer noopener" data-wpel-link="external">left</a> with just 30,000 shares after his latest sale. 
Under the agreement, he has the authorization to unload up to 400,000 shares until April of this year. 
Despite a 37% dip from its March high, MicroStrategy’s stock has been a star performer, shooting up 91% this year after an incredible 346% jump in 2023.&nbsp; 
Michael Saylor, MicroStrategy’s major stakeholder, boasts $2.3 billion in Class B shares. With an additional 400,000 Class A shares from the 2014 option, he’s swiftly liquidating. This discreetly revealed plan, unveiled in November’s third-quarter earnings report, has sparked intrigue. 
Despite sizable stock sales, Saylor’s fortune predominantly resides in MicroStrategy’s Class B shares. Further enhancing his wealth is the stash of 17,732 Bitcoins acquired in 2020, now valued at around $1.1 billion. 
In the meantime, MicroStrategy has accumulated over 214,000 BTC since 2020. These assets, constituting roughly 1% of the total existing BTC supply, are now valued at approximately $13.6 billion. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/11/microstrategy-faces-1-92b-loss-from-short-sellers-in-crypto/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">MicroStrategy Faces $1.92B Loss from Short Sellers in Crypto</a> 
</blockquote>

MicroStrategy Michael Saylor Rakes in $370M from MSTR Sales

The Crypto Times

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