Michael Saylor made $370 million selling micro-strategy stocks! Will you continue to increase your position in Bitcoin?

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. It surged from US$685 to US$1,201, outperforming many technology companies such as Apple and Tesla.

Michael Saylor made $370 million selling MicroStrategy stocks

In this context, according to a report by "CNBC" yesterday (19th), because Michael Saylor, the founder of MicroStrategy, signed an agreement with the company last year, A stock sale plan allowed him to sell 400,000 Class A MicroStrategy shares in his hands between January this year and the end of this month. With the recent stock sale plan nearing completion, he has received $372.7 million in proceeds from it.

MicroStrategy’s stock has increased more than 7 times in five years

MicroStrategy was originally a technology company that provided data analysis, software development and cloud computing, but its main business was not outstanding, and No huge profits were created.

However, since August 2020, Michael Saylor announced that MicroStrategy will continue to invest in Bitcoin, and its stock price has also risen with the development of Bitcoin, rising from US$140 to over US$1,200 in the past five years. , an increase of 709%. Therefore, Michael Saylor's ability to obtain such huge gains in his stock has to be attributed to the arrival of the Bitcoin bull market.

Will Michael Saylor continue to increase his position in Bitcoin?

As an avid fan of Bitcoin, Michael Saylor is also continuing to increase his position in Bitcoin. According to current data from bitcointreasuries, micro-strategy has spent US$7.533 billion to purchase 214,246 Bitcoins so far. In Bitcoin When it exceeded US$70,000 again earlier this month, the highest floating profit in the account had reached US$7.647 billion.

At the same time, Michael Saylor has repeatedly said that he will “never sell any Bitcoin” and “buying Bitcoin is a way to leave the market.” Therefore, some people in the community also speculate that the huge amount of funds he received from selling stocks may continue to be used to increase his position in Bitcoin.

However, Michael Saylor himself has not yet explained the use of this fund. The specific situation deserves our continued attention.

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