Pennsylvania Senator Dave McCormick has expanded his Bitcoin exposure through two new purchases of the Bitwise Bitcoin ETF (BITB), valued between $65,002 and $150,000, according to his latest financial disclosure filed with the U.S. Senate. The transactions, executed on November 24 and 25, 2025, occurred during a period when Bitcoin traded between $85,272 and $89,206, bringing his total 2025 investment in the fund to over $500,000.
McCormick, who serves on the Senate Banking Committee's digital assets subcommittee, has faced scrutiny over potential conflicts of interest due to his role in shaping crypto legislation. In response, his spokesperson emphasized that all transactions comply with Senate ethics rules and federal disclosure requirements. This move positions him among the most crypto-exposed members of Congress, reflecting growing political confidence in digital assets.
The timing aligns with broader institutional accumulation, as ETF inflows stabilized after weeks of volatility. Bitcoin is currently trading above $91,000, with analysts divided on its direction—some predicting a breakout toward $100,000 if resistance is breached, while others warn of potential declines to $60,000 if support levels fail.
