Director Jarrod Patten sold $5.2 million worth of company stock

ChainCatcher news, according to DL News, Strategy (formerly MicroStrategy) director Jarrod Patten recently reduced his holdings by $5.2 million in Class A shares and plans to continue selling $300,000 this week. The reduction occurred as the company's stock price reached a new high for the year at $421.61, and after the news was announced, the stock price fell 3% to $403. Data shows that Patten has been gradually reducing his holdings since April 22, during which the stock price has risen over 20%. Currently, more than 130 companies have followed Strategy's Bitcoin holding strategy.