MicroStrategy founder Michael Saylor received $370 million as a result of the sale of company securities. In the first four months of 2024, he sold about 400,000 shares of the firm, reports CNBC.
In 2023, Saylor entered into an agreement with MicroStrategy to sell the assets of the company he created. We previously reported that the entrepreneur intends to sell 315,000 shares. Last fall, he said that the sale of the asset would take place between January 2 and April 25, 2024.
The source claims that Michael Saylor's plan to sell shares is more than 90% complete. Thanks to the growth of MicroStrategy’s assets, the entrepreneur’s total income reached $370 million.
Since the beginning of 2023, the value of the company’s shares has increased from $141 to $1950, according to TradingView, and capitalization updated its historical maximum. However, experts at 10x Research consider them overvalued.
Note that MicroStrategy was founded in 1989 as a software and technology consulting firm. In mid-2020, it presented a strategy for entering the cryptocurrency market.
The firm is known to have accumulated 189,150 BTC ($12.5 billion at the time of writing). She last replenished her Bitcoin reserves in December, purchasing 14,620 BTC. Thus, MicroStrategy owns more than 1% of the total Bitcoin supply.
Source: Cryptocurrency
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