- Brandon Gill, a first-term Texas Republican congressman, has increased his investments in Bitcoin and BlackRock‘s Bitcoin ETF this year.
- Gill has acquired up to $2.6 million in Bitcoin and $150,000 in shares of the iShares Bitcoin Trust ETF (IBIT) since January.
- He failed to disclose some Bitcoin purchases within the 45-day deadline required by the STOCK Act, according to government transparency reports.
- Bitcoin has dropped about 27% since a record high above $126,000 last month, trading recently near $92,140.
- BlackRock’s IBIT manages over $74 billion in assets, making it the largest spot Bitcoin fund.
Rep. Brandon Gill (R-Texas) reported purchasing between $100,000 and $250,000 in Bitcoin on October 20, along with buying $15,001 to $50,000 in shares of BlackRock‘s iShares Bitcoin Trust ETF (IBIT) nine days later, according to his latest transaction report filed with the House clerk on November 18. These acquisitions add to Gill’s substantial holdings in both assets.
Since his swearing-in in January, Gill, who serves on the House Budget Committee, has accumulated up to $2.6 million in Bitcoin through multiple purchases. He has also bought approximately $150,000 in IBIT shares during the year, as per House disclosures. Gill’s disclosure filings present investment amounts as ranges rather than exact figures.
Reports show that Gill made three Bitcoin buys totaling up to $1.5 million between late June and mid-July, including one worth up to $1 million on June 20. Earlier in the year, he purchased around $850,000 in Bitcoin in four parts beginning in late January. However, the government transparency group OpenSecrets found that Gill failed to disclose up to $500,000 of these earlier purchases within the 45-day reporting window mandated by the STOCK Act.
The STOCK Act, enacted in 2012, requires members of Congress to report securities transactions promptly to prevent insider trading. The law carries a fine of $200 for late disclosures, which congressional ethics committees often waive.
Gill is known as a strong supporter of cryptocurrency policies in the White House. His January Bitcoin trades came days after former President Donald Trump signed an executive order to reduce digital asset regulations. The February purchases occurred shortly before Trump’s March announcement of a “strategic Bitcoin reserve” initiative.
Bitcoin was recently priced near $92,140, showing little change over 24 hours but down about 27% since its peak above $126,000 last month, according to data from CoinGecko. The IBIT fund managed by BlackRock controls over $74 billion in assets, more than triple the size of the next largest spot Bitcoin fund, according to CoinGlass.
Other members of Congress, including Rep. Marjorie Taylor Greene (R-Georgia) and Rep. Guy Reschenthaler (R-Pennsylvania), have made notable transactions involving Bitcoin and other digital assets. Gill’s broader investment portfolio also includes the tech-focused Invesco QQQ Trust ETF, tracking the Nasdaq index.
David Meyers, director of communications at OpenSecrets, stated in an email that “crypto transactions are no more—or less—ethical than stock transactions,” emphasizing the importance of transparency for all congressional securities disclosures. He also noted potential concerns related to the president’s family’s involvement in the crypto industry and whether investors aim to gain favor with the administration.
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