Kash Patel amended filings to disclose a $100,000-$250,000 investment in MicroStrategy, now down sharply amid BTC volatility.
FBI Director Kash Patel disclosed a previously unreported $100,000 to $250,000 investment in MicroStrategy (MSTR) made last November, now down 44% as the stock fell from $181 to $100.55. The purchase was omitted from required financial disclosures until a late May amendment, which Patel attributed to an inadvertent error.
Federal law mandates government employees, including the FBI director, report securities transactions over $1,000 within 45 days. Patel’s amended filing revealed the November 21 buy, coinciding with MicroStrategy’s Bitcoin-heavy treasury strategy. The company holds over 847,000 BTC, valued at $52 billion, making its stock highly sensitive to crypto market swings.
Assuming Patel still holds the position, the investment’s paper loss ranges between $44,000 and $110,000. The disclosure raises questions about compliance with financial reporting rules for high-ranking officials.