Consultant Sheri Biggs of South Carolina has disclosed a purchase order of as much as $250,000 in Bitcoin publicity by way of the iShares Bitcoin Belief (IBIT), marking one of many largest single Bitcoin-related buys by a sitting member of Congress.
The Periodic Transaction Report filed with the Home reveals a transaction within the $100,001–$250,000 vary executed on March 4, 2026 and reported in mid‑April, in step with disclosure deadlines below the STOCK Act.
The commerce locations Biggs amongst Congress’s most aggressive adopters of Bitcoin funding merchandise, a cohort that already consists of Senator David McCormick and Consultant Brandon Gill, who’ve collectively reported tons of of hundreds of {dollars} in Bitcoin ETF purchases over the previous yr.
Biggs has beforehand been recognized by crypto advocacy teams as strongly supportive of digital property, and her newest submitting underscores how lawmakers are more and more gaining direct monetary publicity to the sector they assist regulate.
The transfer comes as BTC trades beneath current highs however stays a central focus of Washington’s ongoing debate over digital asset regulation and potential federal Bitcoin reserve coverage.
Bitcoin value motion
Bitcoin value rose sharply above $77,000 at the moment after Iran introduced the Strait of Hormuz had been totally reopened below a ceasefire framework, easing fears of a possible provide shock and triggering a broad risk-on transfer throughout international markets.
Iranian Overseas Minister Abbas Araghchi mentioned the important thing transport route is open to all business vessels all through a 10-day truce tied to de-escalation efforts involving Israel and Hezbollah in Lebanon. The announcement signaled a short lived stabilization in a area that had been on edge for weeks over escalating tensions and threats to power flows by one of many world’s most important maritime chokepoints.
President Donald Trump amplified the event on social media, declaring that the “Strait of IRAN is totally open and prepared for full passage,” reinforcing expectations that diplomatic momentum might proceed. The White Home has prompt that broader talks with Tehran stay doable inside days, with further regional conferences below dialogue.
Markets reacted rapidly. Oil costs fell because the geopolitical threat premium unwound, and equities and crypto moved greater in tandem. BTC pushed again into the $76,000–$78,000 vary, a zone that has repeatedly acted as resistance since February’s pullback from earlier highs.
With liquidity skinny and positioning crowded, BTC now sits at a key inflection level the place continued geopolitical de-escalation might gasoline a breakout above resistance, whereas renewed tensions threat sending value again towards the low-$70,000 vary.
