According to a report by CoinDesk, a regulatory document from the U.S. Securities and Exchange Commission (SEC) reveals that Michael Saylor, the CEO of MicroStrategy, will begin selling company stock options worth a total of $216 million starting on Tuesday.
The document shows that Michael Saylor plans to sell 310,000 stock options awarded in 2014, which will expire in April.
According to Michael Saylor’s remarks during the fourth-quarter conference call, he plans to sell 5,000 shares per trading day over the next four months, subject to meeting the minimum price requirement.
During the conference call, Michael Saylor stated:
MicroStrategy is the largest holder of Bitcoin among publicly traded companies, currently owning approximately 189,000 BTC, with a value of around $8.5 billion at current prices.
