Michael Saylor, Chairman of MicroStrategy (MSTR), has declared his intention to sell 315,000 company shares, valued at $216 million, according to documents filed with the U.S. Securities and Exchange Commission (SEC) on the 3rd. The shares, initially granted as stock options in 2014, are nearing their expiration in April this year.
Saylor has expressed plans to use the proceeds from the sale to purchase additional Bitcoin (BTC) for his personal account. MicroStrategy has acquired an additional 14,620 BTC on December 27 last year, bringing its total holdings to 189,150 BTC.
