Bitcoin Proxy MicroStrategy Director Sells 40K Company Shares Worth $12M As Stock Hits All-Time High

By Yahoo! Finance | Nov 13, 2024 at 09:03 PM EST

Rechan exercised stock options to acquire 40,000 MicroStrategy shares after a stock split. He sold shares totaling $12 million. MicroStrategy's stock is linked to Bitcoin. Rechan retains 4,970 shares and indirectly owns 20,000 through a trust.

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