The CEO of the technology company MicroStrategy, Michael Saylor, has started selling shares of his company with the goal of acquiring bitcoins.
According to his statement before the U.S. Securities and Exchange Commission, he intends to dispose of 315,000 shares of MicroStrategy, which were valued at $215.8 million at the time of the statement. Since filing the statement on January 2nd, Michael has already completed the first transaction, selling 5,000 shares, and plans to place all his assets for sale within four months.
Michael Saylor did not disclose the specific amount he plans to invest in bitcoins, but interest in this cryptocurrency is not limited to him, as the company MicroStrategy also shows.
On December 27th, MicroStrategy acquired 14,620 bitcoins for $615 million and currently owns 189,150 coins valued at $8.6 billion. Thanks to the successful price growth of Bitcoin in the market, MicroStrategy has gained an unrealized profit of 44% ($2.6 billion) from its bitcoin investments.
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