Bitcoin maximalist Michael Saylor made $370 million from MicroStrategy (MSTR) share sales this year.

Bitcoin continues to be adopted day by day. Especially corporate names contribute to Bitcoin reaching more people with their various moves. In particular, MicroStrategy is among the companies that stand out by regularly buying BTC.

Michael Saylor, founder and chairman of the board of MicroStrategy, is a regular BTC maximalist to millions of people. Recently, Saylor attracted attention with his "Bitcoin is value" comment.

According to the news flow, Saylor earned $370 million from MicroStrategy's shares (MSTR) this year. Saylor's move became a subject of controversy.

Will Michael Saylor buy Bitcoin?

Michael Saylor, founder of MicroStrategy, which has over $10 billion in Bitcoin (BTC) assets, attracted attention with his $370 million move.

According to CNBC, Michael Saylor made a deal with his company last summer. This agreement allowed Saylor to sell up to 400,000 MSTR shares in the first four months of 2024. Saylor realized 90 percent of the planned sale and received $ 370 million from the share sale. The rise of MSTR stock along with the rise of Bitcoin offered Saylor more returns. Saylor's sale with the rise of Bitcoin and MSTR was interpreted as "perfect timing".

Benchmark analyst Mark Palmer evaluated Saylor's share sale as fully programmed. Palmer said Saylor's share sale was not in any way related to his confidence in MicroStrategy or his outlook on the stock price.

The Reddit community was divided over Saylor's stock sale. One group says he will buy Bitcoin with $370 million. The other group suggested that the market fell with Saylor's sale.

Saylor is known as MicroStrategy's largest shareholder with close to $2.3 billion in Class B shares. At the end of 2023, Saylor also owned 400,000 Class A shares with an option he received in 2014. Now Saylor is selling these Class A shares. According to the data, Saylor holds 30,000 Class A shares as of this week.