Bitcoin
MicroStrategy’s Saylor reaps stock windfall during Bitcoin’s record run
Michael Saylor’s 2020 decision to start buying Bitcoin paid off this year for the co-founder and executive chairman of MicroStrategy Inc.
Saylor raised about $400 million from pre-planned daily sales of about 5,000 shares of the business software company from January through last week, based on data compiled by Bloomberg. The sale of shares follows the exercise of options granted in 2014 that were scheduled to expire. Shares have doubled this year to about $1,280, surpassing the original cryptocurrency’s record gains during the same period. At the end of 2014, MicroStrategy was trading at around $160.