Director Jarrod M. Patten of Strategy Inc executed an offsetting pair of transactions on April 7 and 8, 2026, selling 2,100 shares of the company’s Class A Common Stock and simultaneously exercising options to acquire 2,100 Class A shares. The share dispositions were completed at a weighted average price spanning $123.109 to $131.77, producing total proceeds of approximately $270,654.
On the same two dates, Patten exercised options to obtain an equal number of shares - 2,100 - at an exercise price of $18.654 per share, for a cumulative cost of $39,173. The dual nature of the transactions resulted in both a sale at market prices and the on-set acquisition through option exercise.
At the time the transactions were reported, Strategy Inc’s Class A stock (ticker MSTR) was trading at $128.86, a level that the report notes is nearly 60% below the stock’s price six months earlier. The report also cites InvestingPro data showing the stock has a beta of 3.56, a figure used by some investors to gauge volatility relative to the broader market. InvestingPro is referenced as providing additional analytical tools and ProTips for MSTR.
Patten’s activity occurred amid a broader set of capital and cryptocurrency moves at Strategy Inc. The company resumed its bitcoin accumulation, purchasing 4,871 bitcoins for $329.9 million at an average price of $67,718 per bitcoin after a brief pause in buying. That acquisition followed a period in which the company paused bitcoin purchases after 13 consecutive weeks of buying; at the end of March, Strategy was reported to hold approximately 762,099 bitcoins.
The resumed bitcoin buying was accompanied by equity sales and other capital actions. The company generated $102.6 million from sales of STRC stock and $72.0 million from sales of MSTR stock in connection with its recent activities. In a related capital markets development, BTIG reiterated a Buy rating for Strategy stock and highlighted the company’s capital structure, including a $1.5 billion STRC preferred equity offering carrying an 11.5% variable dividend.
The reporting notes that during the pause in bitcoin purchases there were no share sales; later activity included both asset aggregation and share dispositions. Cryptocurrency-related stocks, including Strategy Inc, were reported to have gained as Bitcoin’s price rose, and the collection of transactions described illustrates Strategy’s active engagement across both capital markets and cryptocurrency holdings.
What happened - Director Jarrod M. Patten sold 2,100 Class A shares on April 7 and 8, 2026 at a weighted average price between $123.109 and $131.77, for proceeds of about $270,654, and exercised options for 2,100 shares at $18.654 each for $39,173.
Context - Strategy Inc resumed buying bitcoin (4,871 coins for $329.9 million at $67,718 apiece) and reported other capital transactions including $102.6 million raised from STRC stock sales and $72.0 million from MSTR stock sales; the firm held roughly 762,099 bitcoins at the end of March.