MicroStrategy founder Michael Saylor sold 315,000 securities of the analytics software provider worth almost $216 million, according to statement in SEC.
In December, Saylor announced its intention to sell up to 400,000 shares of the company between January 2 and April 26, 2024.
Over the past year, the company’s stock quotes have increased by 372%. At the time of writing, they are trading at $690.
Hourly chart of MicroStrategy shares on the Nasdaq exchange. Data: TradingView.
Previously, Saylor named Bitcoin the winner of 2023. Its subscribers expect the first cryptocurrency to grow to $100,000 in 2024.
In December, the founder of MicroStrategy admitted that the launch of a spot Bitcoin ETF could be “the biggest event on Wall Street in the last 30 years.” In his opinion, the new instrument will cause a “demand shock” for Bitcoin, followed by a “supply shock” from the halving.
The first cryptocurrency will either fall to zero or skyrocket to $1 million, he noted. For the latter, according to the expert, the asset will require legitimacy at the institutional level.
Let us recall that in December MicroStrategy purchased an additional 14,620 BTC, increasing its Bitcoin reserves to 189,150 BTC, purchased for $5.9 billion at an average price of $31,168.
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2024-01-03 09:51:10
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