MicroStrategy co-founder Michael Saylor is selling stocks to purchase Bitcoin

MicroStrategy co-founder Micheal Saylor appears to be formulating his own "Bitcoin strategy". According to Bloomberg, Michael Saylor sold 3,882 to 5,000 shares of MicroStrategy stock in the days leading up to the SEC's approval of a Bitcoin ETF. It is reported that these sales earned the company's co-founder over $20 million in total. This is said to be the first time he has sold stocks in nearly 12 years. Saylor plans to use a portion of the profits from these sales to invest in Bitcoin. Previously reported by Golden Finance, Saylor intends to sell up to 315,000 shares of the company's stock in order to increase his BTC holdings; these shares are part of stock options he received from the company in 2014.