MicroStrategy lost $53 million in the first quarter after adjusting for impairment of the value of its bitcoin holdings

Michael Saylor earned about $400 million from a pre-planned daily sale of about 5,000 shares of MicroStrategy from January through last week, according to data compiled by Bloomberg. The stock sale follows the exercise of expiring options granted in 2014. The stock has doubled this year to around $1,290, outpacing the original cryptocurrency's record gains over the same period. At the end of 2014, MicroStrategy was trading at about $160.
MicroStrategy said Monday that despite the cryptocurrency's surge during the period, it lost $53 million in Quarter 1 after adjusting for impairment of the value of its bitcoin holdings. MicroStrategy said it held 214,400 bitcoins as of April 26.