Michael Saylor, co-founder of MicroStrategy, has just announced that he intends to sell a total of 315,000 shares of the company's shares valued at nearly $216 million.
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He has previously said he plans to use the funds to buy more Bitcoin personally, as well as to meet "financial obligations."
During the company's third-quarter earnings presentation in November, he said:
"I was granted a stock option in 2014 with respect to 400,000 shares, which is going to expire next April."
The company's shares have seen a 21.65% increase over the past month.