Bitcoin maxi Michael Saylor sells $216m worth of MicroStrategy shares

Michael Saylor – co-founder of MicroStrategy

Visit founder of MicroStrategy offers for sale 315,000 shares at a price of 216 million dollars. Michael Saylor plans touse the funds forbuy Bitcoin.

According to a filing with the U.S. SEC on Tuesday, Michael Saylor, MicroStrategy’s founder and former CEO, is selling a total of 315,000 MSTR shares for $216 million.

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The maximalist and co-founder of the pro-Bitcoin US software company had indicated last autumn that he intended to sell shares in order to “fulfill personal obligations” and to purchase additional bitcoins on a personal basis. He assured us that the transaction would not take him away from the company, and that he would continue to support it.

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MicroStrategy, which holds over 189,000 BTC and regularly acquires tokens, has been in the green with its crypto investment since October, with Bitcoin at over $30,000.

MSTR shares rose 8% on Tuesday on the Nasdaq to $685. The share price has exploded over the past year in the wake of rising cryptocurrency prices. Yesterday, Bitcoin broke through the $45,000 level.

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