spot_imgspot_imgspot_img

Michael Saylor is Selling MSTR Shares to Acquire More Bitcoin!

  • Saylor is selling approximately $216 million worth of MSTR shares, which could be a strategic move to accumulate more Bitcoin (BTC).
  • According to a Form 144 filed with the U.S. Securities and Exchange Commission (SEC) on January 2, 2024, Saylor is selling a maximum of 315,000 MicroStrategy shares.
  • Michael Saylor said in a recent interaction that he had a stock option of 400,000 shares of MSTR in 2014.

Michael Saylor, the Founder and Chairman of MicroStrategy, is considering selling MSTR shares to acquire more Bitcoin.

Saylor Aims to Acquire More Bitcoin

bitcoin-btc

Michael Saylor, the Founder and Chairman of MicroStrategy, is in the midst of the race to obtain approval for a spot Bitcoin ETF before January 10, 2023. He is selling approximately $216 million worth of MSTR shares, which could be a strategic move to accumulate more Bitcoin (BTC).

According to a Form 144 filed with the U.S. Securities and Exchange Commission (SEC) on January 2, 2024, Saylor is selling a maximum of 315,000 MicroStrategy shares. This decision was made while MicroStrategy (MSTR) stock prices have seen significant gains over the past few weeks. Within the last month, MSTR stock has risen up to 21.65%, compared to a 13.30% increase in Bitcoin (BTC) price during the same period.

In a recent interaction, Michael Saylor mentioned having a stock option for 400,000 MSTR shares dating back to 2014. He noted that the stock option would expire if not used by April 2024. Therefore, exercising this option would allow him to personally acquire more Bitcoin.

MicroStrategy’s Stance Post Bitcoin ETF Approval

Considering MicroStrategy’s current status as the largest institutional holder of BTC, it remains to be seen how the company will compete with rivals like BlackRock, Fidelity, and Grayscale once the first spot Bitcoin ETF is approved in the U.S. In the last week of 2023, the company holds 189,150 BTC acquired at a total cost of $5.9 billion over the past few years. If approved, companies issuing Bitcoin ETFs are likely to manage assets well beyond the amount held by MicroStrategy.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

XRP Surges Over 9%: Analysts Eye $2 Milestone Amid Altcoin Rally

This article explores the recent surge in XRP's value, surpassing the $0.64 threshold, and the optimistic projections by market analysts for its potential to reach $2, marking a significant milestone amid the altcoin rally.

Bitcoin BTC’s Resilience Shines as Over 1 Million Addresses Fuel Accumulation Surge

In a recent display of resilience, Bitcoin edges close to its all-time highs, buoyed by significant accumulation from over 1 million addresses and insights from leading analysts predicting a bullish market cycle.

Bitcoin Hits Local High with 97% of Addresses in Profit: A Look into HODLer Sentiments

In the wake of Bitcoin's surge to a new local high, an impressive 97% of BTC addresses are now in profit, reflecting robust market health. However, the cautious stance of long-term holders signals mixed market sentiments.

Bitcoin Cash Surges 40% Ahead of Halving and Jessica Upgrade!

In a remarkable 24-hour period, Bitcoin Cash (BCH) soared 40%, driven by anticipation for its halving event and the implementation of an adaptive block size limit algorithm, signaling strong investor confidence and a bullish outlook for the cryptocurrency.

Bitcoin Hits New 2024 High: 671,000 BTC Accumulated by Whales in Key Demand Zone

Bitcoin's impressive rally to a new 2024 high is underpinned by a massive accumulation of 671,000 BTC by one million addresses, highlighting strong investor confidence and setting a robust support level.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

XRP Surges Over 9%: Analysts Eye $2 Milestone Amid Altcoin Rally

This article explores the recent surge in XRP's value, surpassing the $0.64 threshold, and the optimistic projections by market analysts for its potential to reach $2, marking a significant milestone amid the altcoin rally.

Bitcoin BTC’s Resilience Shines as Over 1 Million Addresses Fuel Accumulation Surge

In a recent display of resilience, Bitcoin edges close to its all-time highs, buoyed by significant accumulation from over 1 million addresses and insights from leading analysts predicting a bullish market cycle.

Bitcoin Hits Local High with 97% of Addresses in Profit: A Look into HODLer Sentiments

In the wake of Bitcoin's surge to a new local high, an impressive 97% of BTC addresses are now in profit, reflecting robust market health. However, the cautious stance of long-term holders signals mixed market sentiments.