MicroStrategy founder Michael Saylor is set to offload a few hundred thousand shares of his company’s stock over the coming months.
Saylor plans to use some of the sale proceeds to buy more bitcoin. He explained during the company’s earnings call in November that he was granted a stock option of 400,000 shares in 2014. They are set to expire in April.
A Tuesday filing indicates the MicroStrategy executive is set to sell 315,000 shares. Those shares were worth roughly $216 million as of Wednesday morning.
“For almost a decade now at my request, the company has only paid me a $1 salary and I’ve chosen not to be eligible for any cash bonuses,” Saylor said on the call….
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