---
title: "MicroStrategy Founder Michael Saylor Nets $370M From MSTR Sales"
url: https://diffcoin.com/microstrategy-founder-michael-saylor-nets-370m-from-mstr-sales/
description: "As the largest MicroStrategy shareholder, Michael Saylor holds Class B shares valued at an estimated $2.3 billion."
published: 2024-04-20
updated: 2024-04-20
author: "Mila"
site: "Diffcoin"
---

# MicroStrategy Founder Michael Saylor Nets $370M From MSTR Sales

MicroStrategy founder Michael Saylor has sold up to 370,000 shares of his brainchild over the past four months. This follows his entry into a stock-sale agreement with the company last year.

Under the agreement, he has the authorization to unload up to 400,000 shares until April of this year.

## Saylor to Offload 400,000 Shares

Michael Saylor has successfully cashed in 370,000 shares, totaling about $372.7 million in value, from this year’s stock sales. This accounts for over 90% of the agreed-upon 400,000 shares outlined in last summer’s September agreement with MicroStrategy.

Under this agreement, known as a 10b5-1 plan, Saylor could sell up to 5,000 shares daily from January 2 to April 25. These shares were tied to a vested stock option set to expire on April 30, 2024. So far, his Class A holdings have decreased to 30,000 shares following the latest disclosed sale on Thursday.

Despite a 37% decline from its March peak, the stock has enjoyed significant growth, rising 91% this year following a remarkable 346% surge in 2023, making it one of the top performers in the U.S. stock market.

As the largest MicroStrategy shareholder, Saylor’s Class B holdings are estimated at $2.3 billion. Additionally, he holds 400,000 Class A shares acquired through an option granted in 2014, which are the shares he is swiftly selling off. This sales plan was discreetly disclosed in the company’s third-quarter earnings filing in November.

## Saylor’s Bitcoin Holdings Thrive Amid Market Surge

While Saylor has made significant stock sales, most of his wealth is tied up in his Class B holdings of MicroStrategy, coupled with the 17,732 BTC he acquired in 2020, now valued at approximately $1.1 billion.

In the meantime, MicroStrategy has accumulated over 214,000 BTC since 2020. These assets, constituting roughly 1% of the total existing BTC supply, are now valued at approximately $13.6 billion, comprising the majority of MicroStrategy’s $21.3 billion market capitalization.

Bitcoin has been surging this year, increasing MicroStrategy’s returns due to the launch of spot BTC exchange-traded funds (ETFs) in January. Furthermore, the Bitcoin halving, which takes place every four years and halves rewards for Bitcoin miners, has attracted more participation in the market.

In a market where consumers can purchase Bitcoin directly on various exchanges or invest in different new ETFs, Saylor notes MicroStrategy’s ongoing advantage as a leveraged BTC plays without the associated management fees.

Last month, the company announced it raised $782 million through a convertible debt sale at an interest rate of 0.625%, specifically stating the intention to acquire more BTC with the proceeds.

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