Bitcoin proponent Michael Saylor has strategically sold 370,000 shares of MicroStrategy stock amidst an 80% surge in its price, according to CNBC reports. Saylor, known for his staunch support of cryptocurrency, executed the sales using a pre-arranged stock-sale plan established last year, netting an impressive $372.7 million from the transactions.
While Saylor's actions are viewed by experts as part of a predetermined strategy and unrelated to his confidence in MicroStrategy, they coincide with the company's significant increase in valuation.
MicroStrategy's stock has experienced a notable ascent, rising nearly 80% since the start of 2024 to $1,215 per share, resulting in a market capitalization of around $22 billion. Saylor's decision to divest a portion of his holdings occurs amidst this period of remarkable growth, with MicroStrategy's stock witnessing fluctuations throughout the year.
Source: TradingView
Saylor's maneuvers occur against the backdrop of heightened interest in Bitcoin, driven by ETF approvals and an upcoming halving event. Analysts maintain a positive outlook on MicroStrategy, citing historical trends indicating a bullish trajectory for Bitcoin following halving events.
Saylor advocates for MicroStrategy due to its unique position as a leveraged Bitcoin investment, capable of raising substantial capital for further cryptocurrency ventures.
As MicroStrategy prepares for the impending halving event as one of the top holders, experts remain optimistic about the company's future, drawing parallels with historical data suggesting a positive correlation between Bitcoin's price and previous halving events.
Adam Back opposes Defiance 2X Short MSTR ETF, citing its potential negative impact due to high Bitcoin correlation. Back warns against risks in volatile trading environment and expresses doubts about effectiveness.
Xu Lin随着加密货币市场寻求释放一些动力并开始看似短期的喘息，重要的是退后一步并着眼于更大的前景。
JinseFinance这一行为标志着数字货币在国家经济和全球范围内掀开了重要的篇章。
JinseFinanceJinseFinanceHarga ambang batas di bawah mana penambang Bitcoin dapat menghentikan operasi mereka adalah $12.000.
FinboldPenambang dengan biaya lebih tinggi dan beban utang yang besar akan disingkirkan oleh musim dingin crypto, menurut pakar industri.
CoindeskSaylor percaya bahwa bitcoin adalah jawaban atas inflasi saat Fed bersiap untuk bertemu pada 21 September 2022.
BeincryptoApakah sisi cerita Michael Saylor adalah realitas situasinya? Atau apakah dia sedang dalam tur pengendalian kerusakan? ...
BitcoinistPenghasilan yang buruk ditambah dengan metrik fundamental yang dinilai terlalu tinggi menimbulkan risiko bearish jangka panjang untuk MSTR.
CointelegraphSaat saham MicroStrategy merosot, Michael Saylor tetap yakin kepemilikan Bitcoin akan menutupi potensi margin-call pada pinjaman yang didukung BTC.
Cointelegraph