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According to a report by DL News on May 16, Deep Tide TechFlow news states that documents from the U.S. Securities and Exchange Commission (SEC) show that Jarrod M. Patten, a board member 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 company holder of Bitcoin, holding Bitcoin worth over $58 billion. The company's stock price rose by more than 20% from April 22 to May 14, reaching a new high of $421.61 this week.