The CEO of MicroStrategy, Michael Saylor, has just sold 5,000 shares of his company. Here are the latest details of his move.
Michael Saylor sells 5,000 shares of MicroStrategy
On April 1st, 2024, Michael Saylor, the Executive Chairman and 10% Owner of MicroStrategy Inc sold 5,000 shares of the company.
The transaction has been reported in an SEC filing. This sale is part of a series of transactions made by the insider over the past year. Michael Saylor has sold a total of 280,000 shares during this period, and has not made any purchases of the company’s stock.
MicroStrategy Inc. is a company that provides enterprise analytics and mobility software. The main product offered by the company is its software platform, which allows organizations to analyze large amounts of data and share valuable business insights throughout the entire enterprise.
The company offers a variety of products including MicroStrategy Analytics, MicroStrategy Mobile, and Usher, which is a security and identity platform.
“The insider transaction history for MicroStrategy Inc shows a pattern of insider selling, with 119 insider sells and no insider buys over the past year,” according to Yahoo Finance.
Michael Saylor in the news
Saylor has recently addressed the legitimacy of Bitcoin and said that the king crypto could hit $1 million. Here’s the video in which he places the spotlight on BTC below.
“If #Bitcoin is not going to zero, it’s going to $1 million.” — @saylor 🙌 pic.twitter.com/Z0UuYIUsyr
— Bitcoin Magazine (@BitcoinMagazine) March 30, 2024
Not too long ago, we also revealed that the 2024 US Presidential Candidate Robert F. Kennedy Jr. has called cryptocurrency the “best hedge against inflation.”
Kennedy reiterated his support for the digital asset market on X (previously known as Twitter). He emphasized the importance of the asset in taking “control away from the government” and the banking system.
It is also worth noting that RFK Jr. called the asset class an “off-ramp for our addiction to the Federal Reserve.”