According to a report by CoinDesk, a regulatory filing from the U.S. Securities and Exchange Commission (SEC) showed that MicroStrategy’s Chairman and CEO, Michael Saylor, will begin selling company stock options worth a total of $216 million starting on Tuesday. The filing reveals that Michael Saylor plans to sell 310,000 stock options awarded in 2014, which will expire in April.
During the fourth quarter earnings call, Michael Saylor stated that he plans to sell 5,000 shares every trading day over the next four months, subject to certain minimum price conditions. Saylor mentioned during the call that MicroStrategy is the largest Bitcoin holder among public companies, currently owning approximately 189,000 BTC valued at around $8.5 billion at current prices.