Michael Saylor, MicroStrategy’s executive chairman, has initiated the sale of the 315,000 shares he acquired in 2014.

On Jan.2, Michael Saylor submitted a filing to the U.S. Securities and Exchange Commission, indicating his intention to sell 315,000 shares of MicroStrategy stock. The document specifies that these options are set to expire on April 30, 2024.

Michael Saylor initially disclosed his decision in his Q3 report in Nov. In the announcement, he outlined a plan to sell 5,000 shares daily for four months. This strategy aims to fulfill a personal commitment and bolster the amount of Bitcoin (BTC) for his personal investment.

Saylor stands out as a prominent fan of the BTC. Firmly believing in the future of Bitcoin, he often refers to it as “Digital Gold” in his frequent updates on his personal X account.

This Year's Winner is Bitcoin 🏆 pic.twitter.com/Y9QFi0V0Jh

— Michael Saylor⚡️ (@saylor) December 29, 2023

During his CNBC interview on Dec.19, Saylor made dual predictions regarding the future of Bitcoin. He suggested that the cryptocurrency could either face a decline to zero or experience a significant surge to $1 million. Saylor expressed the view that the latter scenario is possible, particularly if there are positive developments in the legal status of BTC.

MicroStrategy and crypto investing

The company initiated its first Bitcoin purchase on Aug.11. MicroStrategy acquired 21,454 BTC at that time, investing $250 million at an average price of approximately $11,500 per Bitcoin.

The company persisted in its Bitcoin investments, actively purchasing the cryptocurrency even during market corrections. The crypto market often experiences minor drawdowns following MicroStrategy’s acquisitions due to its status as one of the largest BTC holders.

MicroStrategy’s most recent Bitcoin acquisition occurred on Dec.27, bringing their total BTC holdings to 189,150. As of the current moment, the total value of their Bitcoin holdings stands at $8,563,968.00.

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW

— Michael Saylor⚡️ (@saylor) December 27, 2023

MicroStrategy was a pioneer as the first publicly traded company to invest significantly in Bitcoin.

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