Key Takeaways
- FBI Director Kash Patel holds over $100K in Bitcoin ETFs.
- Patel also owns a stake in Bitcoin miner Core Scientific.
- Trump administration officials increasingly hold digital assets.
Kash Patel, confirmed as FBI director on Thursday, has significant exposure to Bitcoin-related investments, according to a financial disclosure.
He holds between $50,001 and $100,000 in the Grayscale Bitcoin Trust ETF (GBTC) and up to $15,000 in the Grayscale Bitcoin Mini Trust ETF.
Mining investments
Additionally, Patel owns between $50,001 and $100,000 in Core Scientific (CORZ), a major Bitcoin mining company.
Trump administration crypto holdings
Patel joins other Trump administration officials with digital asset investments, including Treasury Secretary Scott Bessent, Health Secretary Robert F. Kennedy Jr., and Commerce Secretary Howard Lutnick.
Former President Donald Trump has also disclosed Ethereum holdings.
Previous experience
Before his FBI appointment, Patel worked for Trump on the National Security Council and assisted with the Pentagon transition.
He also served on the board of Trump Media & Technology Group but stated he would step down before assuming his new role.
Market impact
At the time of disclosure, Bitcoin was trading at $98,300, up 1.16% in 24 hours.
Patel’s holdings could influence regulatory discussions as more high-ranking officials invest in Bitcoin-related assets.
