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FBI Director Kash Patel has seen his stake in Strategy collapse since making a sizable, previously undisclosed investment in the Bitcoin treasury firm last November
Patel bought between $100,000 and $250,000 worth of stock in the Michael Saylor-founded company on November 21, according to new government filings. MSTR was trading around $181 at the time. The stock has since collapsed over 44%, to $100.55 at writing.
The FBI director did not initially disclose his investment in Strategy. He amended a required disclosure form in late May to include the Strategy buy, which he claimed were “inadvertently omitted,” according to filings obtained by NOTUS. The stock buy should have been noted in a financial disclosure signed by Patel in early December.