PANews reported on May 16 that according to DL News, Jarrod Patten, a director of Strategy (formerly MicroStrategy), recently sold $5.2 million of the company's Class A shares and plans to continue selling $300,000 this week. The reduction occurred when the company's stock price hit a 2025 high of $421.61, which is still 11% lower than the historical peak of $473.83 in November last year. After the announcement of this reduction, Strategy's stock price fell 3% to $403 on the same day. Data shows that Patten sold shares in batches between April 22 and May 14, and the company's stock price rose by more than 20% during the same period. Currently, more than 130 companies have followed Strategy's Bitcoin holding strategy.