Trump Congressional Ally Discloses Latest Six-Figure Bitcoin Purchase

Brandon Gill, a first-term Republican representative from Texas and a supporter of President Trump, has made significant investments in Bitcoin and BlackRock's Bitcoin ETF this year. According to recent filings, Gill purchased between $100,000 and $250,000 in Bitcoin on October 20, following a notable trend of accumulating Bitcoin since his swearing-in in January. Overall, his Bitcoin investments this year may total up to $2.6 million. Alongside this, he bought shares in BlackRock's iShares Bitcoin Trust ETF, contributing to a total investment amount that also includes prior Bitcoin purchases earlier in the year. Despite a dip in Bitcoin's value, which has seen a 27% decline from its record high, Gill's activities highlight the ongoing interest in cryptocurrency among lawmakers, particularly in light of recent regulatory developments and initiatives supporting the crypto market.

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