Strategy director Jarrod Patten sold company shares worth $5.2 million.

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PANews reported on May 16 that 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 to sell $300,000 this week. The reduction comes as the company's stock price hit a new 2025 high of $421.61, still 11% below its all-time peak of $473.83 last November. Following the announcement, Strategy's stock price fell 3% to $403 on the day. According to the data, Patten sold shares in batches between April 22 and May 14, and the company's share price rose by more than 20% during the same period. So far, more than 130 companies have followed Strategy's Bitcoin holding strategy.

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