Kash Patel’s late‑November bet on the Michael Saylor–led Bitcoin treasury powerhouse has gone sour, and the delayed disclosure of that trade is drawing scrutiny. According to government filings obtained by NOTUS, Patel — described in those filings as the FBI director — purchased between $100,000 and $250,000 of stock in MicroStrategy on Nov. 21, when the shares were trading around $181. As of this writing the stock sits at $100.55, a drop of more than 44% since his purchase. If Patel still holds the position, the investment has lost him roughly $44,000 to $110,000. The filings show the purchase was not initially recorded on Patel’s required financial disclosure. He amended the form in late May, saying the MicroStrategy trade had been “inadvertently omitted.” Federal law requires certain government officials, including the FBI director, to report securities transactions above $1,000 within 45 days; the purchase should have appeared on a disclosure Patel signed in early December. MicroStrategy has become Wall Street’s most prominent corporate Bitcoin treasury, holding north of 847,000 BTC — a hoard worth more than $52 billion at current prices, per company data cited in reports. That strategy has produced huge upside when Bitcoin rallies, but it has also magnified losses during the prolonged crypto downturn: Bitcoin itself has fallen more than 41% year‑over‑year to about $61,933, and MicroStrategy’s shares have plunged far more sharply. The stock topped $442 last summer at the height of the rally and has since tumbled over 77%. This week several analysts cut price targets on MicroStrategy from roughly $400 to $260, citing continued weakness in Bitcoin. The combination of a high‑profile official’s late disclosure and a sizable, underwater stake in a company synonymous with Bitcoin accumulation is likely to invite further attention from ethics observers and markets alike. Read more AI-generated news on: undefined/news