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Michael Saylor dumps quarter billion worth of MSTR while hyping bitcoin

This month alone, Michael Saylor has sold over $70 million worth of MicroStrategy stock, while in March he sold $144 million.

MicroStrategy owns almost 2% of all circulating bitcoin — now what?

According to its most recent 8K, MicroStrategy, holds 214,246 bitcoins — between 1.3% and 1.8% of all bitcoin that can ever be moved.

Buying MSTR appears to earn you 98% value in MicroStrategy’s bitcoin, but when including Class B shares and convertibles, it’s less than 85%.

MicroStategy claimed in December that it would sell its bitcoin before offloading more shares. Since then, it’s sold $339 million in shares.

MicroStrategy says revenues from its analytics business may not be enough to pay its debts and it may have to sell its bitcoin or more shares.