Congresswoman Sheri Biggs Discloses Up To $250,000 BTC Investment Via IShares Bitcoin ETF
Representative Sheri Biggs of South Carolina has recently made a significant investment in Bitcoin, purchasing up to $250,000 worth of exposure to the digital asset through the iShares Bitcoin Trust (IBIT). This move marks one of the largest single Bitcoin-related buys by a sitting member of Congress, highlighting the growing trend of lawmakers getting directly involved in the crypto market.
The Periodic Transaction Report filed with the House reveals that the transaction took place in the $100,001–$250,000 range on March 4, 2026, and was reported in mid-April in accordance with the disclosure deadlines set by the STOCK Act. Biggs’ decision to invest in Bitcoin places her among the most proactive members of Congress when it comes to embracing digital assets, joining the ranks of Senator David McCormick and Representative Brandon Gill, who have also disclosed substantial purchases of Bitcoin ETFs in the past year.
Known for her strong support of digital assets, Biggs’ latest financial move underscores the trend of lawmakers gaining direct exposure to the sector they help regulate. This development comes at a time when Bitcoin is at the center of Washington’s discussions on digital asset regulation and potential federal Bitcoin reserve policy.
In terms of Bitcoin price action, the cryptocurrency experienced a sharp rise above $77,000 following Iran’s announcement that the Strait of Hormuz had been fully reopened under a ceasefire agreement. This news eased concerns of a potential supply disruption and sparked a positive market sentiment across global markets.
Iranian Foreign Minister Abbas Araghchi’s statement that the key shipping route is open to all commercial vessels for the duration of a 10-day truce related to de-escalation efforts between Israel and Hezbollah in Lebanon helped stabilize the region temporarily. This development, coupled with President Donald Trump’s endorsement on social media, contributed to expectations of continued diplomatic progress.
As a result, oil prices declined, and both equities and cryptocurrencies saw a boost. Bitcoin specifically surged back into the $76,000–$78,000 range, a level that has been a key resistance zone since a pullback in February. The current geopolitical landscape presents a crucial juncture for Bitcoin, with the potential for further de-escalation to propel the cryptocurrency above resistance levels, while renewed tensions could push it back towards the lower end of the $70,000 range.
Overall, Representative Biggs’ investment in Bitcoin reflects a broader trend of lawmakers engaging directly with digital assets, underscoring the evolving relationship between regulation and financial exposure in the cryptocurrency space.
