MicroStrategy Chairman Michael Saylor sold millions of dollars worth of shares ahead of spot Bitcoin ETF approvals.
Bitcoin supporter Michael Saylor just ahead of spot Bitcoin ETF approval Sold between 3,882 and 5,000 shares of MicroStrategy (MSTR). According to the news provided by Bloomberg, Saylor completed the share sales transactions. 2 January – 10 January carried out between .
Michael Saylor For the first time in 12 years Thanks to these transactions when selling shares More than $20 million profit got it. A MicroStrategy spokesperson made a statement on the subject: The sales were planned in advance and were not linked to spot Bitcoin ETF approvals. stated:
Under the plan, up to 5,000 shares are expected to be sold each day between January 2, 2024 and April 26, 2024. In this regard, a total of 400 thousand shares are planned to be sold by April 26.
From the beginning of 2023 until January 2, 2024 350% by gaining value $137 from level for $727 MSTR reached in the last 10 days 33% lost value. MSTR while writing from $485 is being traded.
In parallel with the approval of the Spot Bitcoin ETF, shares of many Bitcoin mining companies Drops up to 30% had been seen.