Illinois Congresswoman Marie Newman presented a report on her financial investments to the US House of Representatives, which clearly shows that she has invested in Bitcoin and Coinbase shares.
Marie Newman’s investments in Bitcoin
Newman claims to have made four investments in Coinbase shares between November and early December, one in excess of $50,000 and two in excess of $15,000.
She also claims to have made one investment of more than $15,000 in shares in the Grayscale Bitcoin Trust (GBTC) in the same period.
The report also shows that during the same period she invested in Amazon, Apple, Disney, Saleforce and Hippo.
Almost all of these investments exceeded $15,000, the only one exceeding $50,000 being in Coinbase. It is fair to imagine that she invested more than twice as much in Coinbase as she did in Apple, and roughly five times as much as she invested in Amazon and Disney.
During the period under review, Coinbase’s share price fell from around $340 to just over $250, while GBTC’s share price fell from $49 to just over $37.
In contrast, Apple’s share price rose from $151 to $179, while Amazon’s share price remained largely unchanged.
The report came about because US law requires members of Congress to declare any transaction worth more than $1,000.
US politicians who invested in Bitcoin
However, she is not the only US Congresswoman to have invested in Bitcoin.
At BitcoinPoliticians.org we keep track of US politicians who claim to have invested in Bitcoin, and we find that there are another six congressmen and senators who have invested in BTC between 2020 and 2021.
However, this is a small minority, as the vast majority of others are not reported to have invested in cryptocurrencies.
According to this information, Cynthia Lummis, who is reported to have invested between $100,000 and $250,000 directly in BTC, and Jefferson Van, who is reported to have invested between $100,000 and $250,000 in the Grayscale Bitcoin Trust, have invested the most.
Next would be Michael Waltz, with a direct investment in BTC of between $30,000 and $100,000.
Following Marie Newman would be Patrick Toomey ($2,000 – $30,000), Michael McCaul and Barry Moore (less than $15,000).