Jarrod Patten: Sells more MSTR shares, Strategy stock hits 52-week low
CoinWorld News: Strategy director Jarrod Patten recently reduced his holdings of MSTR stock, which hit a 52-week low, prompting scrutiny of the company's Bitcoin asset strategy. SEC filings show that after exercising options at $18.236 on June 23, he sold all 1,500 shares on the same day at $106.08, with an exercise cost of approximately $27.5k, a gross profit of about $159k, and a pre-tax profit of approximately $131.8k. In the previous three months, he had sold a total of 55,750 Strategy shares, worth about $9 million. Meanwhile, market criticism of the company's financing strategy and the potential impact of additional stock issuance is also increasing.