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Strategy director Jarrod Patten sells $5.2 million worth of company stock

2025-05-16 02:52

According to DL News, Jarrod Patten, director of Strategy (formerly MicroStrategy), recently sold $5.2 million of the company's Class A shares and plans to continue selling $300000 this week. The reduction occurred at a time when the company's stock price reached a new high of $421.61 in 2025, which is still 11% lower than the historical peak of $473.83 in November last year. After the announcement of the reduction, Strategy's stock price fell 3% to $403 on the same day. Data shows that Patten sold its stocks in batches between April 22 and May 14, with the company's stock price rising by over 20% during the same period. Currently, over 130 companies have followed Strategy's Bitcoin holding strategy.

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