Bitcoin-Holding Company Executive Realizes Hundreds of Thousands in Profit by Reselling Shares After Exercising Stock Options

On April 9 and again from April 20 to 22, Jarrod M. Patten, a director of Strategy Inc. (NASDAQ: MSTR), exercised about 5,900 long-held Class A common stock options and immediately sold the same number of shares, while retaining roughly 28,000 Class A shares, the company disclosed.

With a strike price of $18.654 and sale prices between $130 and $180, Patten generated an estimated pre-tax gain of approximately $800,000 (around ₩1 billion) from those three option exercises and sales alone.

In the same filing, Patten reported that he still holds several series A perpetual preferred share issues and tens of thousands of remaining stock options in addition to his Class A common stock.

He went on to exercise more options on April 30, May 1 and May 4, selling thousands of additional common shares and netting several hundred thousand dollars (hundreds of millions of Korean won) in further proceeds. Even after these transactions, his filings show he continues to own tens of thousands of shares.

Meanwhile, Strategy Inc. has drawn market attention for its high stock‐price volatility linked to Bitcoin, as well as its ongoing Bitcoin purchases and expansion of related investment products.

Founded in 1989 and listed on NASDAQ, Strategy Inc. is a U.S. software company known both for its enterprise business‐intelligence solutions and its “Bitcoin Treasury” strategy, under which it allocates a significant portion of its assets to Bitcoin.

As a board member, Patten is regarded as a leading insider seller; filings indicate he has accumulated sales totaling tens of millions of dollars over recent years through repeated option exercises and share disposals.