Senator Ted Cruz's Bitcoin Holdings Now Worth Up to $100,000

Bitcoin Holdings of U.S. Senator Ted Cruz

Bitcoin holdings of U.S. Senator Ted Cruz have significantly increased, now valued at up to $100,000. This substantial growth in investment reflects his firm stance on cryptocurrency and aligns with Texas blockchain initiatives. Cruz advocates Bitcoin as a solution for energy issues in Texas.

Expansion of Bitcoin Investments

• Cruz revealed his expanded Bitcoin holdings in a recent financial disclosure.
• Initially invested between $15,001 and $50,000 in January 2022.
• Value of Bitcoin at that time was approximately $39,000 per coin.

Advocacy for Bitcoin in Texas

During a speech at the Texas Blockchain Council, Cruz emphasized Bitcoin as a “reservoir of power”, proposing it as a potential energy safety blanket for Texas’s grid infrastructure. He noted that:

“What Bitcoin presents is an opportunity in real-time to enhance the resiliency of our grid.”

Challenges of Bitcoin Mining in Texas

While Cruz supports Bitcoin mining, the industry faces criticism over environmental and health impacts. The Texas Blockchain Council has nonetheless endorsed him for reelection, citing his continued support for Bitcoin.

Senator Cruz's Bitcoin Mining Ventures

In addition to his investments, Cruz recently announced the purchase of three Bitcoin miners operating in Iraan, Texas. He proudly joins the ranks of Texas Bitcoin miners.