BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Michael Saylor is About to Dump $216 Million of Stock for More Bitcoin

by BlockNews.com Team
January 3, 2024
in Breaking News, Crypto, Finance
A A
Michael Saylor is About to Dump $216 Million of Stock for More Bitcoin
1
SHARES
Share on TwitterShare on Reddit
  • Michael Saylor plans to sell $216 million worth of his MicroStrategy shares to purchase bitcoin personally and address financial obligations
  • MicroStrategy remains the largest publicly traded corporate holder of bitcoin with 189,150 BTC worth $8.55 billion
  • Bitcoin has surpassed $45,000, reaching its highest price level since April 2022

Michael Saylor plans to use the funds to purchase bitcoin and address financial obligations. MicroStrategy remains the largest corporate holder of bitcoin.

Background on Saylor’s Share Sale

Saylor was granted stock options for 400,000 shares in 2014 that are expiring in April 2023. He plans to sell 5,000 shares per day between January 2 and April 25, 2023.

Saylor announced this during MicroStrategy’s Q3 2022 earnings call in November. He said he would use the funds to buy more bitcoin personally and address financial obligations.

JUST IN: Michael @Saylor plans to sell 315K MicroStrategy $MSTR stock worth $216 million

Will he buy more Bitcoin? 👀

Credit: @btcNLNico pic.twitter.com/hOnGHVgmp8

— BlockNews.com (@blocknewsdotcom) January 2, 2024

Impact on MicroStrategy

MicroStrategy shares have risen 216% in the past month. The stock closed up 8.48% at $685.15 on Tuesday.

The company continues to be the largest publicly traded corporate holder of bitcoin. MicroStrategy has accumulated 189,150 BTC, worth $8.55 billion at current prices, after its latest purchase of 14,620 BTC in December.

Bitcoin Price Action

Bitcoin edged up 0.4% over the past 24 hours to trade at $45,182 at 9:30 am Hong Kong time on Wednesday, according to Block data. The world’s largest cryptocurrency surpassed $45,000 on Tuesday, its highest level since April 2022.

Disclosure

The Block is an independent media outlet owned by Foresight Ventures, which invests in crypto companies. The Block operates independently to deliver news, research and data about the crypto industry.

Tags: BitcoinForesight VenturesMichael SaylorMicrostrategyThe Block
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Whale Transfer Sends Billions of SHIB to Coinbase—What’s Going On?
Crypto

Whale Transfer Sends Billions of SHIB to Coinbase—What’s Going On?

June 7, 2025
Hyperliquid Breaks Into Top 11 as Whales and Traders Rush In
Crypto

Hyperliquid Breaks Into Top 11 as Whales and Traders Rush In

June 7, 2025
Abraxas Capital Shorts the Dip as SUI Teeters on the Edge
Crypto

Abraxas Capital Shorts the Dip as SUI Teeters on the Edge

June 7, 2025
XRP Awaits SEC Status Report as Ripple Case Hits Crucial Point
Crypto

XRP Awaits SEC Status Report as Ripple Case Hits Crucial Point

June 7, 2025
Tron (TRX) Hits a Wall: Bearish Pressure Mounts as $0.26 Support Looms
Crypto

Tron (TRX) Hits a Wall: Bearish Pressure Mounts as $0.26 Support Looms

June 7, 2025
Meme Chaos: Dogecoin Tumbles as Musk and Trump Clash
Crypto

Meme Chaos: Dogecoin Tumbles as Musk and Trump Clash

June 7, 2025
Load More

Related News

Whale Transfer Sends Billions of SHIB to Coinbase—What’s Going On?

Whale Transfer Sends Billions of SHIB to Coinbase—What’s Going On?

June 7, 2025
Hyperliquid Breaks Into Top 11 as Whales and Traders Rush In

Hyperliquid Breaks Into Top 11 as Whales and Traders Rush In

June 7, 2025
Abraxas Capital Shorts the Dip as SUI Teeters on the Edge

Abraxas Capital Shorts the Dip as SUI Teeters on the Edge

June 7, 2025
XRP Awaits SEC Status Report as Ripple Case Hits Crucial Point

XRP Awaits SEC Status Report as Ripple Case Hits Crucial Point

June 7, 2025
Tron (TRX) Hits a Wall: Bearish Pressure Mounts as $0.26 Support Looms

Tron (TRX) Hits a Wall: Bearish Pressure Mounts as $0.26 Support Looms

June 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.