MicroStrategy co-founder Michael Saylor plans to sell $216 million worth of stock options in the company to buy more Bitcoin for his personal account. Saylor, a vocal proponent of Bitcoin, has already acquired 189,150 BTC for MicroStrategy, worth over $8.5 billion at today's prices. He also holds 17,732 BTC in his personal account, worth just over $800 million at current prices. Saylor will exercise and sell 5,000 shares each trading day, starting on January 2nd and ending on April 25th, subject to a minimum price condition.
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MicroStrategy Co-Founder Michael Saylor to Sell $216 Million in Stock Options to Buy More Bitcoin for Personal Account
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An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet
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$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire
Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction. -
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In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
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Ethereum liquidity re-staking agreement TVL exceeds $10.1 billion, of which Eigenpie TVL exceeds $800 million
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