Up to $50,000 in bitcoin was bought by Sen. Ted Cruz.

• According to a new financial disclosure, Sen. Ted Cruz purchased bitcoin during its recent decline.
• On Jan. 25, the Texas Republican disclosed that they purchased between $15,001 to $50,000 of cryptocurrency.
• During a sell-off, bitcoin was trading at approximately $36,000 to $37,000 at the time of acquisition.

According to a new financial disclosure with the U.S. Senate, Sen. Ted Cruz purchased stocks during a dip last month.

On Jan. 25, the Texas Republican disclosed that he purchased between $15,001 to $50,000 of the world's most valuable cryptocurrency through the brokerage River.

During a recent sell-off, bitcoin was trading between $36,000 and $37,000, causing fears of a "crypto winter." This is the same period when the digital coin tanked as much as 80% from its record high in late 2017 and early 2018. Currently, bitcoin is trading around $41,500 as it starts to rebound, having hit a record high of $69,000 in November.

Recently, Cruz has been aligning himself with bitcoin as Texas has emerged as a bitcoin mining hub.

In August, he opposed the new tax rules for crypto-trading firms and brokers in the bipartisan Senate bill. In November, Cruz presented a resolution to permit food vendors and other Congress merchants to accept cryptocurrency as payment.

Cointelegraph first reported the Jan. 25 transaction.