Rep. Marjorie Taylor Greene increases Bitcoin exposure during market dip

Key Takeaways

• Rep. Marjorie Taylor Greene increased her Bitcoin exposure by investing in BlackRock's Bitcoin ETF during a market dip.
• Several US politicians, including Rep. Brandon Gill, have recently boosted their holdings in Bitcoin and related ETFs.

Rep. Marjorie Taylor Greene of Georgia reported this week that she increased her Bitcoin exposure during the latest market dip.

A periodic transaction report filed on December 2 shows that Greene purchased up to $15,000 worth of BlackRock’s iShares Bitcoin Trust (IBIT) on November 21, when Bitcoin briefly dropped to $82,100, its lowest price since April.

Bitcoin has since bounced back. After recovering above $84,000, the asset now trades at around $92,373, according to CoinGecko.

Greene’s filing adds to a series of Bitcoin-related disclosures she has made this year.

She is not the only US lawmaker adding exposure. A number of members of Congress have reported new Bitcoin positions in recent months.

In November, Rep. Brandon Gill disclosed buying up to $250,000 of BTC along with as much as $50,000 in IBIT shares.

Senator Dave McCormick reported on Thanksgiving that he had purchased up to $150,000 in shares of the Bitwise Bitcoin ETF.