Michael Saylor Will Sell $216M Worth of MicroStrategy Shares

Michael Saylor, the founder and former CEO of MicroStrategy, a leading enterprise software firm, is currently selling $216 million worth of his personal shares in MicroStrategy stock.

However, despite his strong support for Bitcoin, he has not mentioned any plans to sell his holdings in the cryptocurrency. Saylor has gained attention for frequently purchasing Bitcoin for MicroStrategy and for his belief that the cryptocurrency is a more reliable asset than traditional cash reserves.

He believes that holding Bitcoin will give MicroStrategy a competitive edge over other enterprise software companies. As the regulatory environment for Bitcoin improves, Saylor expects more capital to flow into the cryptocurrency market.

Most recently, MicroStrategy announced its Bitcoin purchase on December 27, further cementing its position as the company with the largest BTC holdings.

This purchase also contributed to the recent surge in MSTR stock, which has risen by 372% since the beginning of 2022.

This increase has brought the stock to its highest value since December 2021, just before the cryptocurrency market entered a bear market.