Posted 1/14/2024, 3:01:47 PM
Saylor Sells Some MicroStrategy Stock, First Sale in 12 Years, Amid Bitcoin Resurgence
- Michael Saylor sold $20M in MicroStrategy shares from Jan 2-10, his first sale in 12 years
- The sale was part of a pre-existing plan to sell up to 400k shares between Jan-April
- The sale coincided with a 23% decline in MicroStrategy stock since early 2022
- MicroStrategy's large Bitcoin holdings make it a proxy for crypto investors
- As Bitcoin ETFs launch, the crypto market is seeing a surge with Bitcoin near $49k