Benzinga financial analysts noted that US Congressman Mike Collins made significant purchases of Ethereum (ETH) just before several record highs. With Ethereum (ETH) reaching record highs in 2025, the crypto asset investments of several US congressmen have drawn scrutiny. Republican Congressman Mike Collins of Georgia is one of the few politicians who increased his Ethereum holdings and reported transactions just before the peaks, demonstrating his strong belief in ETH. This also sparked analysts' curiosity about the congressman's involvement in the crypto market. This is purely market observation, not investment advice.
Who is Mike Collins?
Mike Collins, a Republican congressman from Georgia's 10th District, entered Congress in 2023 and quickly established himself as an activist on economic, energy, and fintech policy. With a background in business, he is a long-time supporter of tax cuts and deregulation, and a supporter of innovative industries, particularly blockchain and cryptocurrency.
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According to data released by Benzinga, Mike Collins purchased Ethereum on January 3, May 1, July 8, and August 7, 2025, with each declared purchase amount ranging from US$1,000 to US$15,000. It is worth noting that when he bought on August 7, it was only two weeks away from ETH's historical high of $4,953 on the 24th, demonstrating his ability to choose the right time to buy.
Collins invests in Ski Mask Dog Coin, a meme-based cryptocurrency
In addition to mainstream cryptocurrencies, Mike Collins also actively invested in meme coins. He purchased Ski Mask Dog Coin (SKI USD) twice in December 2024, with each purchase amount also ranging from $1,000 to $15,000, and made eight additional purchases in 2025.
Interestingly, the coin hit an all-time high of $0.3639 in December 2024, shortly after Collins first bought it, but the price has since fallen back to $0.05153, a significant drop.
Controversy surrounding members of Congress investing in crypto assets
While Congress is currently pushing a bill to restrict lawmakers from investing in stocks, options, and ETFs, it doesn’t cover cryptocurrencies. Therefore, directly buying crypto assets or meme coins, as Collins did, is not currently illegal.
According to a Benzinga poll, 48% of respondents oppose members of Congress investing in cryptocurrencies, while 30% support investment with disclosure, 15% support investment only through ETFs, and only 8% believe that disclosure is not required.
ETH Price Overview
Current price at press time: $4,470.20
52-week range: $1,386.80 – $4,953.73
All-time High: $4,953.73 (August 24, 2025)
Collins is one of the few members of Congress to publicly disclose multiple cryptocurrency transactions. The timing and compensation of his transactions offer new perspectives for the discussion of whether Congress should restrict crypto investment. With the continued rise of ETH and the resurgence of meme coin enthusiasm, Collins's investment behavior is poised to become a bellwether for regulatory policy.
This article , Benzinga Research: A US Congressman predicted the future and increased his holdings significantly just before ETH's surge, first appeared on ABMedia ABMedia .
