Michael Saylor's daily stock selling plan is coming to an end, selling MicroStrategy to pocket $370 million.

According to reports earlier this year, MicroStrategy founder Michael Saylor sold 400,000 shares of MicroStrategy stock based on reports filed with the SEC on 1/2 and subsequently on 4/1, starting from January 2, 2024, to April 25, selling 5,000 shares of stock each day. Saylor's stock selling plan is now almost complete, bringing him a revenue of $370 million.

MicroStrategy founder Michael Saylor initiated a daily stock selling plan to buy Bitcoin.

Saylor Sells Stock for $370 Million

Saylor recently sold 400,000 shares of MicroStrategy stock, which he obtained through options in 2014. Saylor mentioned that he chose to only receive a salary of $1 back then. As these options were about to expire without being exercised, he decided to invest the cash from the sale into his financial planning, which includes buying Bitcoin.

As the end of April approaches, Michael Saylor has almost completed over 90% of the transactions. According to the documents, Saylor started selling at $699 per share, reaching as high as $1,798 on 3/27, with a total value exceeding $370 million. His cost was $121.43 per share, the exercise price of the options.

If we calculate from 2014, the $370 million received now translates to an average annual salary of $37 million over the past decade, higher than the average CEO income of $10.6 million in the United States in 2021. However, compared to Musk's $56 billion compensation plan, where Musk received $1.8 billion over three years, there is still a significant difference.

Saylor Remains MicroStrategy's Largest Shareholder

Saylor remains the largest shareholder of MicroStrategy with 1,961,668 Class B common shares, valued at approximately $2.3 billion. By the end of 2023, Saylor, through options received in 2014, also owns an additional 400,000 Class A shares, but as of 4/18, he has sold 25,000 shares.

Since receiving stock options in 2014, the stock price fluctuated mostly between $100 to $200. It only exceeded $1,000 during the crypto bull market in 2021. It seems that Saylor's recent actions were close to "selling at the peak." He mentioned that he would invest the proceeds into his financial planning, including buying Bitcoin. It appears that this faithful Bitcoin believer still upholds the HODLer spirit, keeping his financial operations simple and holding for the long term, which has brought him immense wealth.