PANews reported on May 16 that according to DL News, Jarrod Patten, a director of Strategy (formerly MicroStrategy), recently sold $5.2 million worth of Class A company stocks and plans to sell an additional $300,000 this week. This divestment occurred when the company's stock price reached a new high of $421.61 in 2025, still 11% lower than the historical peak of $473.83 in November last year. After the news of this divestment was announced, Strategy's stock price dropped 3% to $403 on the same day. Data shows that Patten sold stocks in batches between April 22 and May 14, during which the company's stock price rose by more than 20%. Currently, over 130 companies have imitated Strategy's Bitcoin holding strategy.
