FBI · Bitcoin · Strategy · Wall Street · Decrypt
FBI Director Kash Patel's Undisclosed Stock Buy in Bitcoin Giant Strategy Is Down 44%
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◎ Multiple-sources
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.
Key facts
- 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
- In the last year, Bitcoin’s price has fallen by over 41%, from north of $106,000 to $61,933 at writing
- The company, Wall Street’s most prominent crypto treasury firm, has stockpiled over 847,000 BTC, a sum worth over $52 billion at current prices
- In the intervening months, assuming he hasn’t sold the position, Patel’s investment in Strategy has lost him anywhere between $44,000 and $110,000
Summary
FBI Director Kash Patel disclosed months late that he bought a significant amount of Strategy stock last November. Strategy shares have since fallen about 44%, leaving Patel's investment deep underwater if he still holds it. 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. The stock buy should have been noted in a financial disclosure signed by Patel in early December.