Strategy Director Cash In Over $10M On Old Stock Options Amid Bitcoin Pivot

Jarrod Patten, Strategy's director, has sold approximately $10.4 million worth of company stock this year, according to data tracked by Bitcoin Treasuries.

The sales were executed across 31 transactions and were tied to stock options granted in 2016 and 2017, before the company's transformation into a Bitcoin-focused treasury.

The shares sold by Patten were acquired through the exercise of these stock options, which have since appreciated significantly coinciding with the company's aggressive accumulation of Bitcoin and subsequent surge in its stock price.

Strategy holds over 400,000 Bitcoin, making it the largest corporate holder of the cryptocurrency. The company has continued to purchase Bitcoin using proceeds from stock sales and other financing activities.