MicroStrategy Stock Outperforms Bitcoin, Saylor Cashes Out $400 Million

According to Blockworks, MicroStrategy stock started the year outperforming Bitcoin, rising three times as much as Bitcoin. Michael Saylor, executive chairman and former CEO, sold 400,000 shares of stock for $410.8 million. Saylor personally holds $1 billion in bitcoin.
Other company executives sold $215 million worth of stock between October 2020 and November 2021. Bitcoin has risen from $11,000 to nearly $69,000 in the same period, and MicroStrategy stock has risen from $165 to nearly $900.
MicroStrategy has purchased 37,350 bitcoins this year, spending about $2.42 billion. In total, the company spent $8.35 billion on 226,500 bitcoins, which are now worth $13.74 billion, a 65 percent increase in value.
Despite MicroStrategy's poor earnings this year, its stock price is closely tied to the value of its bitcoin reserves. The company reported liabilities of $3.905 billion at the end of June.