On May 16, according to a filing with the SEC, Jarrod M. Patten, a director of Strategy (formerly MicroStrategy), sold $5.2 million worth of Class A shares in less than a month and plans to sell another $300,000 worth of stock this week. Strategy is currently the largest publicly traded Bitcoin holder, holding over $58 billion worth of Bitcoin. The company's stock price rose over 20% from April 22 to May 14, reaching a new high of $421.61 this week (DL News).
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On May 16, according to a filing with the SEC, Jarrod M. Patten, a director of Strategy (formerly MicroStrategy), sold $5.2 million worth of Class A shares in less than a month and plans to sell another $300,000 worth of stock this week. Strategy is currently the largest publicly traded Bitcoin holder, holding over $58 billion worth of Bitcoin. The company's stock price rose over 20% from April 22 to May 14, reaching a new high of $421.61 this week (DL News).