Quick Take
- FBI Director Kash Patel disclosed a $100,001 to $250,000 purchase of Strategy stock about six months after buying the shares, according to a NOTUS report.
FBI Director Kash Patel disclosed a six-figure purchase of Strategy (MSTR) stock roughly six months after executing the trade, according to a NOTUS report citing federal ethics records.
Patel acquired between $100,001 and $250,000 of Strategy common shares on Nov. 21, 2025, but did not disclose the transaction until filing an amended ethics report on May 26 this year, the report said.
The late disclosure stemmed from what Patel described in the filings as an “inadvertent omission.” According to records cited by NOTUS, Deputy Assistant Attorney General William Taylor said the omission resulted from a miscommunication and that Patel remained in compliance with applicable conflict-of-interest rules. The FBI said in response to inquiries that the corrected paperwork had been submitted and approved.
Under the STOCK Act, covered executive branch officials generally must disclose securities transactions above $1,000 within 30 days of notification and no later than 45 days after the transaction. First-time violators are subject to a $200 fine, though no fine has been issued in Patels case, according to an FBI official familiar with the matter.
The purchase places Patel in one of the most closely watched bitcoin proxies. Strategy remains the largest corporate holder of bitcoin, with 847,363 BTC valued at roughly $51.3 billion, according to The Blocks data.
Strategy shares gained 7.4% on Wednesday to close at $93.39 on the Nasdaq, according to The Block's MSTR price page.
On Wall Street, Benchmark recently reiterated a $570 price target on Strategy, implying more than 500% upside, while TD Cowen cut its target to $260 from $400, citing a lower bitcoin price forecast but describing the companys capital framework as structurally supportive.
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