FBI Director Patel's Undisclosed Investment in Strategy Is Down as Much as $110K
In briefFBI 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 Patels investment deep underwater if he still holds it.Patel said the purchase was “inadvertently omitted” from required financial disclosures. 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. Under federal law, certain government employees, the FBI director included, must report securities transactions above $1,000 within 45 days. In the intervening months, assuming he hasn‘t sold the position, Patel’s investment in Strategy has lost him anywhere between $44,000 and