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FBI Director’s Bitcoin Investment Plummets | Business and Finance News
Description
FBI Director Kash Patel quietly invested between $100K and $250K in a major Bitcoin treasury firm last November — a move that went unreported until late May, sparking scrutiny. The company, now worth over $52 billion in Bitcoin, has seen its stock plummet 44% since Patel’s purchase, wiping out an estimated $44K to $110K of his initial investment. With crypto markets in freefall and analysts slashing price targets, Patel’s timing couldn’t be more controversial — especially as federal law mandates reporting of such transactions within 45 days.
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