Home Guides Michael Saylor to Sell $216M Worth of MicroStrategy (MSTR) Stock Options, Will Buy More Bitcoin

Michael Saylor to Sell $216M Worth of MicroStrategy (MSTR) Stock Options, Will Buy More Bitcoin

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Michael Saylor to Sell $216M Worth of MicroStrategy (MSTR) Stock Options, Will Buy More Bitcoin

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Bitcoin’s price has risen over recent months, trading around $45,000 as of press time (midnight UTC). Market participants expect a spot bitcoin exchange-traded fund (ETF) approval from the U.S. Securities and Exchange Commission in the coming weeks, which would increase potential exposure to the asset from retail and institutional investors.

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