Michael Saylor says he won’t sell Bitcoin! But I’ve made $370 million from selling micro-strategy stocks

This site (120Btc.coM): With the advent of the Bitcoin bull market, the share price of MicroStrategy, the dominant Bitcoin position among listed companies in the United States, has also increased since the beginning of the year. The price surged as high as US$685 to US$1,919, an increase of as much as 280%.

As of the end of April, the company’s total Bitcoin holdings reached 214,400. Although the current Bitcoin price has declined, it still enjoys a floating profit of nearly US$6 billion.

Michael Saylor said he would not sell Bitcoin, but he has made a huge profit of $370 million from selling stocks

Although founder Michael Saylor has publicly stated many times before that he will not sell any Bitcoin: Weibo The strategy has no plans to sell Bitcoin in the near future, or even ever, and continues to be bullish on BTC. We believe capital will continue to flow into Bitcoin from other asset classes because Bitcoin is technically superior to these asset classes, in which case there is no reason to sell the winners and buy the losers.

But it is worth noting that Saylor signed a stock sale plan with the company last year, allowing him to sell 400,000 Class A micro strategy stocks in his hands from January to the end of April this year. With the recent stock The sale plan is completed, and he has cashed in $372.7 million in revenue.

Selling micro-strategy stocks is equivalent to selling Bitcoin?

If you think about it carefully, the biggest reason why the stock price of MicroStrategy has skyrocketed is the strategy of embracing BTC (its main business is not outstanding and it has not created huge profits). Investors also indirectly invested in the company. Considered a leveraged investment in BTC.

In this context, isn’t Michael Saylor’s selling of micro-strategy stocks equivalent to selling Bitcoin? Cryptocurrency researcher Yu Zhe'an also posted on his FB: Michael Saylor selling MSTR stocks and selling Bitcoin are actually the same thing. The biggest believer in Bitcoin is getting off the bus, you taste it, you taste it carefully.

Will Michael Saylor invest in BTC again?

Of course, we can’t entirely blame Saylor. After all, the 400,000 shares of MicroStrategy stock he sold this year were stock options he received in 2014 because he only chose to receive a salary of $1. , this is not an uncommon method of remuneration among large European and American companies.

If these options are not exercised this year, they will become invalid. He also said that he would invest the cash from the sale into his own financial planning, which of course also includes buying Bitcoin. Just how much will you spend to increase your position in Bitcoin? It's unknown now.

Just selling the company's stock at the high point of more than 20 years has made people wonder whether this was a deliberate move by Saylor.

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