FBI Director Kash Patel Disclosed MSTR Purchase Months After STOCK Act Deadline

FBI Director Kash Patel disclosed a six-figure Strategy stock purchase about six months after buying the shares.

The May 26 amendment added a Nov. 21, 2025 purchase of MicroStrategy Inc. stock, ticker MSTR, valued between $100,001 and $250,000. MicroStrategy later rebranded as Strategy, the Nasdaq-listed Bitcoin treasury company.

Patel wrote that the transaction was “inadvertently omitted” from his earlier periodic transaction report, which he signed on Dec. 4, 2025. The amendment also marked “No” under the field asking whether notification was received more than 30 days earlier.

A DOJ ethics letter attached to the amendment said the omission resulted from a miscommunication and said Patel was in compliance with conflict-of-interest rules. The late MSTR disclosure was tied to the STOCK Act reporting window for covered federal officials.

STOCK Act Requires Timely Trade Reports

The STOCK Act requires covered executive branch officials to report qualifying securities transactions within 30 days of receiving notice of the trade, but no later than 45 days after the transaction. The rule applies to reportable purchases, sales and exchanges above $1,000.

Patel’s MSTR purchase was dated Nov. 21, 2025. The amendment adding the transaction was dated May 26, 2026, about 186 days later.

A Department of the Interior STOCK Act summary lists a $200 fine for first-time late transaction-report violations. The disclosure issue is separate from any finding of insider trading or a proven conflict of interest.

Strategy Remains A Bitcoin Treasury Proxy

Strategy holds 847,363 BTC, acquired at an average purchase price of $75,651 per coin. The company’s common stock, MSTR, trades as one of the most closely followed public-market Bitcoin treasury equities.

The disclosure comes after MSTR sold off with the company’s treasury structure under scrutiny. Strategy shares recently fell near a two-year low as its Bitcoin treasury traded underwater, while preferred-stock discounts remained part of the market focus.

Strategy also faces a Rosen Law Firm securities probe tied to possible investor claims involving MSTR and the company’s preferred-stock complex.

Patel’s amended 278-T remains dated May 26, 2026, with the MSTR purchase listed at $100,001 to $250,000 for Nov. 21, 2025.

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