Overview

• 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.