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MicroStrategy’s Michael Saylor Netted $20 Million In Sell-Off Prior To Bitcoin ETF Launch

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MicroStrategy Inc. (NASDAQ: MSTR) co-founder Michael Saylor recently made a surprising move by selling a significant number of company shares ahead of the U.S. Securities and Exchange Commission’s approval of ETFs focused on Bitcoin (CRYPTO: BTC). Saylor, the executive chairman of MicroStrategy, sold between 3,882 and 5,000 shares between Jan. 2 and Jan. 10, coinciding with the SEC’s announcement regarding Bitcoin ETFs. This unexpected move reportedly added over $20 million to Saylor’s portfolio. This is Saylor’s first sale of shares in almost 12 years, reported Bloomberg. A spokesperson for M…

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