Dave McCormick, U.S. Senator and Former CEO of Hedge Fund Bridgewater Associates, Increases Bitcoin Holdings
Recently, Dave McCormick has invested in and increased his holdings in Bitcoin, while the congressional committee he belongs to is also formulating a digital asset regulatory bill.
According to financial disclosure documents made public this week, Dave McCormick has made multiple purchases of the Bitwise Bitcoin ETF, totaling several hundred thousand dollars. As congressional financial reports are disclosed only in ranges, the latest investment occurred in March, with amounts ranging between $310,000 and $700,000.
This new investment follows his disclosure in February of purchasing the Bitwise Bitcoin ETF worth $450,000, leading to speculation that Dave McCormick’s total investment amount is nearing $1 million, making him the congressional representative with the largest Bitcoin investment in the U.S. Congress to date in 2025.
As a Republican senator from Pennsylvania, Dave McCormick is a newly elected member of Congress and has been assigned to the Senate Banking Committee’s Digital Assets Subcommittee, which is seen as a core unit likely to advance the crypto legislative process. During his campaign for the Senate last year, he publicly stated that the U.S. should maintain a leading position in the cryptocurrency field. At the first digital assets hearing held in February this year, he also emphasized:
“This Congress must work hand in hand with President Trump to promote a bipartisan digital asset bill that guides innovation and ensures the robust growth of the U.S. economy in the future.”
However, although Dave McCormick’s Bitcoin investment is noteworthy, financial reports indicate that his primary capital allocation in recent months remains focused on traditional assets such as municipal bonds.
