Trump-linked investor Gill invests $300K in crypto as Bitcoin slides
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The US representative for Texas’s 26th congressional district and Trump ally, Brandon Gill, revealed that he has expanded his investment portfolio by including $300,000 in Bitcoin and shares of the largest Bitcoin exchange-traded fund. This is according to his most recent transaction report, filed on November 18, with the Clerk of the House of Representatives. This follows a 27% plunge in Bitcoin from a record high above $126k last month. The purchase comes amid heightened volatility and renewed investor interest in digital assets despite the sharp decline. Gill, a former investment banker and close ally of President Donald Trump, bought between $100,000 and $250,000 in Bitcoin on October 20, and nine days later acquired $15,001 to $50,000 in BlackRock’s iShares Bitcoin Trust ETF (IBIT). Periodic House transaction disclosures report investment ranges rather than exact amounts. Meanwhile, reports from the House showed a diverse range of investments in figures rather than a specific amount. Gill’s cryptocurrency disclosures ignite discussions As a first-term lawmaker serving on the House Budget Committee, Gill has actively engaged with the Bitcoin world, making significant investments in the ecosystem since assuming his role in January. The representative’s overall holding in BTC totaled roughly $2.6 million, based on House transaction reports. The data also outlined that Gill invested up to $150,000 in IBIT this year. When reporters contacted Gill’s office for further comments on the matter, they declined to respond. According to reports from CoinMarketCap, Bitcoin is currently trading at $91,600.74, reflecting a 1.87% increase in the last 24 hours. Meanwhile, BlackRock’s IBIT oversees over $74 billion in assets. This amount is more than three times larger than the next largest spot Bitcoin fund, according to CoinGlass. Gill’s cryptocurrency disclosures revealed that the representative purchased up to $1.5 million in Bitcoin through three separate transactions over three weeks starting in late June. This…
