Michael Saylor Commences Plan to Sell $216M Worth of MicroStrategy Stock Options
Saylor said in an earlier earnings call that he will use the proceedings to meet personal obligations and buy additional bitcoin to his personal account.
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Michael Saylor
Saylor said in an earlier earnings call that he will use the proceedings to meet personal obligations and buy additional bitcoin to his personal account.
MicroStrategy is also looking to raise up to $750 million in a sale of class A common stock.
The MicroStrategy executive chairman appeared on CNBC on day after the company reported its Q3 earnings.
MicroStrategy purchased the bitcoin at an average price of $27,531, according to its earnings report on Wednesday.
Michael Saylor’s software company has invested billions of dollars into the world’s largest token by market capitalization. And the bet is slowly paying off.
The U.S. accounting standards board yesterday unanimously voted in favor of “fair value” accounting for crypto assets held on corporate balance sheets.