Sen. Ted Cruz discloses a bitcoin purchase worth up to $50,000

  • by:
  • Source: CNBC
  • 02/09/2022
Sen. Ted Cruz bought bitcoin during its dip last month, according to a new financial disclosure with the U.S. Senate.

The Texas Republican bought between $15,001 to $50,000 of the world’s most valuable cryptocurrency on Jan. 25, according to the disclosure. He used the brokerage River to make the transaction.

At the time of the acquisition, bitcoin was trading around $36,000 and $37,000 during a sell-off that sparked fears of a “crypto winter.” The last time that happened was in late 2017 and early 2018, when bitcoin tanked as much as 80% from its then-record high. The digital coin is now trading around $41,500 as it starts to rebound.

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