Senator's Bitcoin ETF Purchases: U.S. Senator David McCormick has made significant investments in the Bitwise Bitcoin ETF, purchasing between $15,000 to $100,000 on multiple occasions in 2025, totaling between $550,000 to $1.3 million.
Market Context: McCormick's latest purchases occurred while Bitcoin was trading between $85,272.20 and $89,206.34, despite Bitcoin being down 0.9% year-to-date in 2025.
Political Implications: McCormick's pro-crypto stance has garnered endorsements from key figures in the cryptocurrency sector, raising questions about the ethics of congressional members profiting from cryptocurrency investments.
Subcommittee Involvement: As a member of the Senate Banking Subcommittee on Digital Assets, McCormick's trading activities in Bitcoin ETFs may attract scrutiny, especially in light of discussions around a potential Bitcoin Strategic Reserve.
Wall Street analysts forecast BITB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BITB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.950
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Current: 48.950
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
