Mike Collins, American politician and businessman serving as the U.S. representative for Georgia’s 10th congressional district, filed a bizarre periodic transaction report on September 2.
Namely, the congressman disclosed only two cryptocurrency transactions in August, including a purchase of up to $15,000 worth of Ethereum (ETH) and an additional investment of up to $15,000 in a meme coin known as Ski Mask Dog (SKI).
The filings bring Collins’ total reported crypto activity since taking office in January 2023 to as much as $745,000.
Why ETH and SKI?
The first of the politician’s purchases can likely be chalked up to the market’s increasing preference for Ethereum.
Indeed, the cryptocurrency has been drawing fresh institutional and whale interest over the past month or so, as investors have been turning away from Bitcoin leading up to September, a period historically known for BTC price corrections.
SKI is more difficult to explain, however. The meme coin was struggling with reduced liquidity after LBank Futures delisted its perpetual contracts on August 8, 2025.
The removal raised slippage risks and discouraged institutional participation, and the asset appears to rely primarily on grassroots marketing.
Featured image via Shutterstock
