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PoliticsFBI Director Kash Patel's Undisclosed Stock Buy in Bitcoin Giant Strategy Is Down 44%
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FBI Director Kash Patel made a previously undisclosed investment of between $100,000 and $250,000 in Strategy (formerly MicroStrategy), a Bitcoin treasury firm, on November 21, 2025, when MSTR stock was around $181. The stock has since collapsed over 44% to $100.55, resulting in losses of $44,000 to $110,000. Patel failed to initially disclose the transaction on a required financial disclosure form signed in early December, amending it in late May 2026, claiming the omission was inadvertent. The investment's decline mirrors a broader crypto market downturn, with Bitcoin falling over 41% from $106,000 to $61,933. Strategy's stock has plummeted over 77% from its summer 2025 peak of $442. Analysts at TD Cowen recently slashed their price target for Strategy from $400 to $260, citing ongoing Bitcoin weakness.
Source report
By Sander Lutz Thu, July 2, 2026 at 7:50 AM PDT 2 min read
- MSTR +7.90%
- BTC-USD +1.97%
FBI Director Kash Patel has seen his stake in Strategy—the Bitcoin treasury firm founded by Michael Saylor—collapse since making a sizable, previously undisclosed investment in the company last November.
The Investment
According to new government filings, Patel purchased between $100,000 and $250,000 worth of Strategy stock on November 21. At that time, MSTR was trading at approximately $181 per share.
The stock has since fallen over 44%, to $100.55 at the time of writing.
Disclosure Issues
Patel did not initially disclose the investment. He amended a required disclosure form in late May to include the Strategy buy, claiming the transaction was "inadvertently omitted," according to filings obtained by NOTUS.
The purchase should have been reported in a financial disclosure signed by Patel in early December. Under federal law, certain government employees—including the FBI director—must report securities transactions exceeding $1,000 within 45 days.
Financial Impact
Assuming Patel has not sold the position, his investment in Strategy has lost him between $44,000 and $110,000 in the intervening months.
Market Context
Strategy, Wall Street's most prominent crypto treasury firm, has stockpiled over 847,000 BTC—a sum worth over $52 billion at current prices. The company's crypto-stashing model, while highly successful when Bitcoin's price rises, has suffered significant losses during the crypto market's prolonged downturn.
- Bitcoin's price has fallen over 41% in the last year, from above $106,000 to $61,933 at writing.
- Strategy's stock has declined even more sharply, dropping over 77% from its peak above $442 last summer.
Earlier this week, analysts at TD Cowen slashed Strategy's price target from $400 to $260, citing Bitcoin's "ongoing weakness."
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Source
Yahoo FinanceWestern
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