MicroStrategy Co-Founder Sells $216M in Stock Options to Buy More Bitcoin

Michael Saylor plans to sell 5,000 shares daily until April 25, with some proceeds going towards increasing his personal Bitcoin holdings, currently valued at over $800 million.

Michael Saylor, co-founder of MicroStrategy, is selling $216 million worth of stock options in the company, with some of the proceeds going towards buying more Bitcoin for his personal account.
The sale of his stock options was revealed in a filing with the U.S. Securities and Exchange Commission (SEC), in which Saylor proposed to sell 310,000 stock option awards granted in 2014.
Saylor plans to exercise and sell 5,000 shares each trading day, starting on January 2nd and ending on April 25th, subject to a minimum price condition.
MicroStrategy, under Saylor's leadership, has undergone a Bitcoin buying spree, acquiring 189,150 BTC, worth over $8.5 billion at today's prices.
Saylor's personal Bitcoin holdings are worth just over $800,000,000, placing him among the top 103 Bitcoin addresses.