Michael Saylor Selling Old Stock Options to Buy Bitcoin, Continuing Bet on Cryptocurrency
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Michael Saylor is executing stock options from 2014 and selling the shares to buy Bitcoin for his personal account. He announced this plan in November.
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Saylor is converting 5,000 options into shares daily from Jan 2 to April 25 to minimize impact on MicroStrategy's stock price.
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The options were granted in 2014 to align Saylor's interests with shareholders after criticism of his leadership.
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Bitcoin's growth since MicroStrategy invested in 2020 greatly increased the value of Saylor's options.
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Saylor's Bitcoin bets can inspire investors, but his rollercoaster ride also shows the wisdom of diversification.