Patel's MSTR Stock Buy Down 44% After Late Disclosure
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Kash Patel purchased between $100,000 and $250,000 in Strategy stock on November 21, when MSTR traded around $181, according to new government filings.
- Patel omitted the buy from a financial disclosure form signed in early December, amending it in late May to call the omission "inadvertent," per filings obtained by NOTUS.
- Patel's Strategy position has lost between $44,000 and $110,000 on paper assuming he still holds it, with MSTR falling roughly 44% to $100.55 at writing.
- Strategy has plunged over 77% from above $442 last summer, tracking Bitcoin's 41% decline from above $106,000 to $61,933 over the past year.
- Strategy holds over 847,000 BTC worth more than $52 billion at current prices, per the source.
- Analysts this week cut Strategy price targets from $400 to $260, citing Bitcoin's "observed ongoing weakness."
Why it matters: Federal law requires certain officials, including the FBI director, to report securities transactions above $1,000 within 45 days — Patel sat on a six-figure MSTR position for roughly six months before amending his disclosure, and that position is now down $44,000–$110,000 on a stock that has shed 44% from his buy-in.
Ask SkimNews
