Rep. Sheri Biggs of South Carolina has revealed that she purchased up to $250,000 worth of exposure to Bitcoin via the iShares Bitcoin Trust (IBIT), marking one of the largest Bitcoin-related purchases by a sitting member of Congress.
Periodic transaction report foot “With Home” shows a transaction in the range of $100,001 to $250,000 that took place on March 4, 2026 and was reported in mid-April, in line with disclosure deadlines under the Stock Act.
The trade places Biggs among the most aggressive adopters in Congress of Bitcoin investment products, a group that already includes Sen. David McCormick and Rep. Brandon Gale, who have collectively… I mentioned Hundreds of thousands of dollars in Bitcoin ETF purchases over the past year.
Biggs has previously been identified by cryptocurrency advocacy groups as being strongly supportive of digital assets, and her latest filing underscores how regulators are increasingly gaining direct financial exposure to the sector they help regulate.
The move comes as Bitcoin trades below its recent highs, but remains a major focus of ongoing debate in Washington over digital asset regulation and potential federal Bitcoin reserve policy.
Bitcoin price movement
Bitcoin price rose sharply The dollar surpassed $77,000 today after Iran announced the full reopening of the Strait of Hormuz under a ceasefire framework, alleviating fears of a potential supply shock and leading to a widespread risk-on move in global markets.
Iranian Foreign Minister Abbas Araqchi said the main shipping route is open to all commercial ships for the duration of a 10-day truce linked to de-escalation efforts involving Israel and Hezbollah in Lebanon. The announcement signals temporary stability in a region that has been on the brink for weeks due to escalating tensions and threats to energy flows through one of the world’s most important sea lanes.
President Donald Trump has highlighted this development on social media, declaring that “the Iran Strait is fully open and ready for full passage,” reinforcing expectations that diplomatic momentum could continue. The White House suggested that broader talks with Tehran remain possible within days, with additional regional meetings under discussion.
Markets responded quickly. Oil prices fell as geopolitical risk premiums declined, and stocks and cryptocurrencies rose in tandem. Bitcoin is back in the $76,000 to $78,000 range, an area that has repeatedly served as resistance since the February pullback from previous highs.
With liquidity thin and positions crowded, BTC now sits at a key inflection point where continued geopolitical escalation could fuel a breakout above resistance, while renewed tensions risk sending the price back to the low $70,000 range.
