Saylor previously said the move would allow him to address his “personal obligations” and, of course, buy more Bitcoin.
MicroStrategy executive chairman Michael Saylor has begun a four-month process of selling $216 million worth of his shares in his firm MicroStrategy, previously stating part of it would be used to buy more Bitcoin (BTC).
In a Jan. 2 filing with the United States Securities and Exchange Commission, Saylor disclosed that he had already started selling his 315,000 stock options awards, first granted to him in April 2014. The awarded stock options expire on April 30, 2024.
According to the filing, Saylor began the process on Jan. 2, selling his first tranche of 5,000 shares.
