Representative Sheri Biggs of South Carolina has disclosed a purchase of up to $250,000 in Bitcoin exposure via the iShares Bitcoin Trust (IBIT), marking one of the largest single Bitcoin-related buys by a sitting member of Congress.
The Periodic Transaction Report filed with the House shows a transaction in the $100,001–$250,000 range executed on March 4, 2026 and reported in mid‑April, in line with disclosure deadlines under the STOCK Act.
The trade places Biggs among Congress’s most aggressive adopters of Bitcoin investment products, a cohort that already includes Senator David McCormick and Representative Brandon Gill, who have collectively reported hundreds of thousands of dollars in Bitcoin ETF purchases over the past year.
Biggs has previously been identified by crypto advocacy groups as strongly supportive of digital assets, and her latest filing underscores how lawmakers are increasingly gaining direct financial exposure to the sector they help regulate.
The move comes as BTC trades below recent highs but remains a central focus of Washington’s ongoing debate over digital asset regulation and potential federal Bitcoin reserve policy.
Bitcoin price action
Bitcoin price rose sharply above $77,000 today after Iran announced the Strait of Hormuz had been fully reopened under a ceasefire framework, easing fears of a potential supply shock and triggering a broad risk-on move across global markets.
Iranian Foreign Minister Abbas Araghchi said the key shipping route is open to all commercial vessels for the duration of a 10-day truce tied to de-escalation efforts involving Israel and Hezbollah in Lebanon. The announcement signaled a temporary stabilization in a region that had been on edge for weeks over escalating tensions and threats to energy flows through one of the world’s most critical maritime chokepoints.
President Donald Trump amplified the development on social media, declaring that the “Strait of IRAN is fully open and ready for full passage,” reinforcing expectations that diplomatic momentum could continue. The White House has suggested that broader talks with Tehran remain possible within days, with additional regional meetings under discussion.
Markets reacted quickly. Oil prices fell as the geopolitical risk premium unwound, and equities and crypto moved higher in tandem. BTC pushed back into the $76,000–$78,000 range, a zone that has repeatedly acted as resistance since February’s pullback from earlier highs.
With liquidity thin and positioning crowded, BTC now sits at a key inflection point where continued geopolitical de-escalation could fuel a breakout above resistance, while renewed tensions risk sending price back toward the low-$70,000 range.
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