Michael Saylor Sells $216M of MicroStrategy Shares

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According to a filing made with the SEC, MicroStrategy founder Michael Saylor recently sold 315,000 securities of his company, which amounted to approximately $216 million.

In December, Saylor announced his plan to sell up to 400,000 shares between January 2, 2021 and April 26, 2024. In the past year, MicroStrategy’s stock price has increased by 372% and is currently trading at $690.

Saylor has previously predicted that Bitcoin will reach $100,000 in 2024 and has called it the winner of 2023.

Saylor has also stated that the approval of a Bitcoin ETF could be the biggest event on Wall Street in 30 years, causing a demand shock and supply shock for the cryptocurrency.

He believes that Bitcoin will either fall to zero or skyrocket to $1 million, but for the latter to happen, the asset will need institutional legitimacy.

In December, MicroStrategy bought an additional 14,620 BTC, bringing its total Bitcoin holdings to 189,150 BTC purchased for $5.9 billion at an average price of $31,168.

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