Senator McCormick Buys $1M in Bitcoin ETFs Ahead of Trump Strategic Reserve Plan

Senator Dave McCormick invests over $1M in Bitcoin ETFs just before Trump announces a Strategic BTC Reserve, signaling a new era of crypto-politics in the U.S.

As cryptocurrency becomes a central issue in American politics, newly elected Senator Dave McCormick of Pennsylvania has emerged as Congress’s most significant Bitcoin backer. The former Bridgewater Associates CEO invested over $1 million in the Bitwise Spot Bitcoin ETF—with one notable purchase made just before Donald Trump revealed plans for a U.S. Strategic Bitcoin Reserve.

This development, first spotted through U.S. Senate Financial Disclosure data, positions McCormick not just as a policymaker, but as a power investor aligning himself directly with the new crypto-forward federal agenda.

🪙 McCormick Bets Big on Bitcoin

The bulk of McCormick’s Bitcoin investments occurred across February and March 2025, including a purchase valued between $65,000 and $150,000 just days ahead of Trump’s national reserve announcement.

The Bitwise Spot Bitcoin ETF (ticker: BITB) currently trades at $50.96 and has seen a 24-hour volume of $57.92 million. It ranks sixth in total AUM with $3.65 billion, solidifying its reputation as a top-tier regulated Bitcoin investment vehicle.

“Crypto and blockchain will define the next wave of American innovation,” McCormick stated in a February Senate hearing. “2025 is the year digital assets go mainstream.”

🧠 Political Momentum Favors Crypto

Trump’s second-term victory was shaped in part by his vocal support for digital assets. His proposed Strategic Bitcoin Reserve has already sparked global conversation, positioning the U.S. as a leader in sovereign BTC adoption.

While Kamala Harris attempted late-stage alignment with crypto voters during her campaign, her efforts lacked authenticity and impact, failing to shift momentum.

Meanwhile, McCormick’s crypto stance gained key endorsements, including one from Coinbase CEO Brian Armstrong, which helped sway tech-savvy swing voters and narrowly secure his election.

🏛️ More Lawmakers Embrace Crypto

McCormick is not alone in his digital pivot. Rep. Marjorie Taylor Greene disclosed holdings in the iShares Bitcoin Trust ETF, while Senator Steve Daines previously held shares in crypto-related ETFs—though he has since exited the space.

This growing list of crypto-invested lawmakers underscores one thing: digital assets are no longer fringe. Cryptocurrency now occupies a legitimate, strategic space in U.S. economic and legislative policy.

With both political capital and financial investment now pouring into crypto from the highest levels, the industry’s integration into government appears unstoppable.

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