One of the leading names in the cryptocurrency and investment world Michael Saylor, recently applied to sell its 315,000 shares in MicroStrategy (MTSR). The community, on the other hand, expanded its speculations about purchasing Bitcoin.
The transaction was disclosed in a filing with the Securities and Exchange Commission, detailing that these shares should be sold on the NASDAQ exchange on January 2.
According to that filing, the shares sold were purchased as part of stock option exercises and awards extending from April 2014 to early January.
As we reported as Koinfinans.com MicroStrategy While he came to the fore with his Bitcoin investments, the fact that the share sale in question came just before the approval of a possible BTC ETF triggered many speculations.
The company sold 14,620 assets worth $615.7 million between November 30 and December 26. Bitcoin He bought it and increased his total assets to 189,150 BTC. The average value of these assets is around 5.9 billion dollars.
MicroStrategy’s bold approach to Bitcoin investing began in August 2020 with a strategic shift to adopt BTC as the primary treasury reserve asset. This strategy included leveraging financial tactics such as zero-interest loans to increase the BTC portfolio.
Among the ongoing speculations in the community, of course, is the claim that Michael Saylor is buying more Bitcoin. However, there is no official statement or data on this subject.