Michael Saylor, co-founder of business intelligence company MicroStrategy Inc. (NASDAQ:MSTR), has sold company shares valued at approximately $216 million.
What Happened: According to a Bloomberg report on Wednesday, Saylor has sold nearly $216 million worth of shares in MicroStrategy, a company he co-founded and the largest publicly traded holder of Bitcoin.
The 315,000 shares that were sold were acquired through stock options, as mentioned in Tuesday’s filing. A spokesperson for MicroStrategy confirmed to Bloomberg that the company had previously disclosed a plan for Saylor to offload up to 400,000 stocks between January 2 and April ...