Saylor to Sell $216M in MicroStrategy Stock to Buy More Bitcoin
• Michael Saylor plans to sell $216 million of his MicroStrategy stock options to address financial obligations and buy more Bitcoin • Saylor will sell 310,000 stock options granted in 2014 over the course of 3 months • Saylor is a big Bitcoin proponent; MicroStrategy has bought $8.5 billion in Bitcoin and Saylor owns 17,732 BTC personally • Saylor's Bitcoin holdings are currently worth over $800 million, making him one of the largest BTC owners • Buoyed by Bitcoin's price rise, MicroStrategy stock price rose in pre-market trading after Saylor announced his plans