South Carolina’s Representative Sheri Biggs has revealed her investment in Bitcoin through the iShares Bitcoin Trust (IBIT), amounting to as much as $250,000. This transaction stands out as one of the most significant individual purchases of Bitcoin by a current member of Congress.
A Periodic Transaction Report submitted to the House indicates that this trade, falling within the $100,001–$250,000 bracket, was executed on March 4, 2026 and reported in mid-April. This timing aligns with disclosure requirements set forth by the STOCK Act.
This move positions Biggs among Congress’s most proactive investors in Bitcoin-related financial products. She joins fellow lawmakers such as Senator David McCormick and Representative Brandon Gill, who have collectively disclosed investments totaling several hundred thousand dollars in Bitcoin ETFs over the past year.
Biggs has been recognized by cryptocurrency advocacy organizations for her strong support of digital currencies. Her recent filing highlights a growing trend among legislators who are increasingly seeking direct financial involvement in an industry they oversee.
This development occurs while $BTC trades below its recent peaks but remains at the center of ongoing discussions in Washington regarding digital asset regulations and potential federal policies concerning Bitcoin reserves.
Bitcoin Market Movements
The price of Bitcoin surged above $77,000 today following Iran’s announcement that it had fully reopened the Strait of Hormuz under a ceasefire agreement. This news alleviated concerns about possible supply disruptions and prompted a widespread risk-on sentiment across global markets.
Iranian Foreign Minister Abbas Araghchi confirmed that this vital shipping route is accessible to all commercial vessels during a ten-day truce aimed at de-escalating tensions involving Israel and Hezbollah in Lebanon. The announcement represents a momentary stabilization for a region that had experienced heightened tensions over energy supply threats recently.
President Donald Trump took to social media to highlight this development, stating that “the Strait of IRAN is fully open and ready for full passage,” reinforcing hopes for continued diplomatic progress. The White House hinted at potential broader negotiations with Tehran within days while discussing additional regional meetings.
The market reacted swiftly; oil prices dropped as geopolitical risks diminished while equities and cryptocurrencies rose together. $BTC rebounded into the range between $76,000–$78,000—a level that has consistently posed resistance since February’s decline from previous highs.
With limited liquidity and crowded positions prevailing now,$BTC finds itself at an essential turning point where further easing geopolitical tensions could lead to breaking through resistance levels; conversely, renewed conflicts may push prices back toward lower ranges around $70k mark.
This article titled “Congresswoman Sheri Biggs Discloses Up to $250K $BTC Investment via iShares Bitcoin ETF,” was originally published on Bitcoin Magazine by Micah Zimmerman.