Exploring the Cryptocurrency Ventures of U.S. Politicians
While J.D. Vance and Ted Cruz often make headlines for their cryptocurrency investments, particularly in Bitcoin (BTC), they are not the most active digital asset traders among U.S. politicians. A closer look reveals that some members of Congress engage more extensively in the world of cryptocurrencies.
Representative Mike Collins: A Prolific Cryptocurrency Trader
Among these active traders is Representative Mike Collins from Georgia’s 10th congressional district. Demonstrating a keen interest in altcoins and meme coins, Collins has been actively trading in the cryptocurrency market. Since late 2023, he has made numerous trades involving a variety of coins and tokens, including Ethereum (ETH), Velodrome (VELO), and Aerodrome (AERO).
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According to recent data sourced from Finbold’s Congressional trading tracker, Collins continued his trading activities into 2025. His most recent transactions, reported on February 3, involved Ethereum (ETH) and Virtuals Protocol (VIRTUAL).
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Keep track of U.S. Congress members’ trading activities with updates from House disclosure reports, providing insights into their latest stock movements.
Assessing Representative Collins’ Recent Cryptocurrency Moves
On January 3, Representative Collins invested up to $15,000 each in ETH and VIRTUAL. While he continues to hold Ethereum, he decided to sell his Virtuals Protocol holdings by January 12.
Did Collins Sell VIRTUAL at an Inopportune Time?
Collins’ decision to sell VIRTUAL might not have been timely. The cryptocurrency, valued at approximately $4.30 on January 3, dropped to around $2.70 by January 12. However, it’s important to note the price experienced significant fluctuations during this period.
If Collins had maintained his position, he could have potentially exited near his initial purchase price. VIRTUAL briefly surged above $3.80 on January 15. Conversely, holding onto VIRTUAL would have resulted in losses of up to $9,500, compared to the actual maximum loss of around $5,600, as VIRTUAL is trading at $1.59 as of February 4.
Stay Informed on Congressional Stock Trades
Remain updated on the trading actions of U.S. Congress members with signal notifications triggered by updates from House disclosure reports, offering a glimpse into their recent stock transactions.
Evaluating Collins’ January ETH Investment
The scenario with Ethereum purchased on January 3 is not significantly better, although the loss remains unrealized as of press time. ETH was priced at approximately $3,500, with notable daily price swings, and is currently trading at $2,778.79, reflecting an 18.46% year-to-date (YTD) decline.
Thus, in addition to potentially losing up to $5,600 on VIRTUAL, Representative Collins’ ETH investment might now be valued at approximately $11,909.10 from an initial investment that could have reached up to $15,000.
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