Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
MicroStrategy Chairman Sells $216 Million in Stock Options to Buy More Bitcoin

MicroStrategy Chairman Sells $216 Million in Stock Options to Buy More Bitcoin

CointimeCointime2024/01/03 00:30
By:Cointime

MicroStrategy's executive chairman, Michael Saylor, has begun selling $216 million worth of stock options in the company, according to a regulatory filing. Saylor plans to sell 5,000 shares per trading day over the next four months, subject to a minimum price condition. He stated that the sale will allow him to address personal obligations and acquire additional bitcoin for his personal account. Despite a market-wide slump of cryptocurrency-focused stocks, shares of MicroStrategy gained 8.5% on Tuesday, and the company remains the largest corporate holder of bitcoin with 189,000 BTC in its treasury.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Notice on Bitget CFD system maintenance

Bitget Announcement2026/04/24 10:00

CandyBomb x NIGHT: Trade to share 2,000,000 NIGHT

Bitget Announcement2026/04/22 09:00