Multiple members of Congress are increasingly investing in cryptocurrencies and cryptocurrency-related exchange-traded funds (ETFs), aiming to diversify their portfolios as the White House administration shows support for this sector. Notably, Congressman Mike Collins (R-Ga.) has made significant purchases of Ethereum in 2025, reaping substantial profits as the cryptocurrency recently reached all-time highs.
Collins has reportedly disclosed multiple acquisitions of Ethereum, detailed on the Benzinga Government Trades page. His most recent purchases occurred in August, where he invested between $1,000 and $15,000 in Ethereum on August 7 and also acquired Ski Mask Dog Coin on August 22 for a similar amount. The timing of the Ethereum purchase is particularly noteworthy as it occurred just weeks before the cryptocurrency achieved record prices.
Specifically, Collins’ Ethereum purchases in 2025 included:
– January 3: $1,000 to $15,000 at $3,627.06 per ETH
– May 1: $1,000 to $15,000 at $1,872.94 per ETH
– July 8: $1,000 to $15,000 at $2,626.66 per ETH
– August 7: $1,000 to $15,000 at $3,926.20 per ETH
Ignoring earlier purchases made in 2023 and 2024, Collins’s strategy appears profitable given the current value of Ethereum at approximately $4,462.20. With his 2025 purchases amounting to an estimated $60,000, this could translate into a holding of roughly 21.6747 Ethereum, valued at around $96,716.85 today, representing a profit of 61.2% in just eight months.
In addition to Ethereum, Collins has shown interest in meme coins, notably Ski Mask Dog Coin, which has a current market capitalization of $52 million. He made several purchases of this coin, including two transactions in December 2024 and eight more in 2025, although he sold part of his stake back in December 2024. Ski Mask Dog Coin peaked at $0.3639 shortly after Collins’ purchases were disclosed but is currently trading at $0.05153.
While discussions continue in Congress regarding a potential ban on members engaging in stock trading, proposals do not extend to cryptocurrencies. A recent poll revealed that nearly half of voters believe members of Congress should not be permitted to invest in cryptocurrencies at all; others insisted that they could invest only if disclosures are made. The public’s skepticism regarding Congress investing in cryptocurrencies, particularly in meme coins, echoes concerns about the impact such investments might have on market movements.
In light of this trend, various platforms continue to offer diverse investment opportunities that align with shifting economic cycles, like real estate and fixed-income strategies, highlighting broader strategies to reduce risk and increase returns across asset classes.
