Consultant Sheri Biggs of South Carolina has disclosed a purchase order of as much as $250,000 in Bitcoin publicity through 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 beneath the STOCK Act.
The commerce locations Biggs amongst Congress’s most aggressive adopters of Bitcoin funding merchandise, a cohort that already contains Senator David McCormick and Consultant Brandon Gill, who’ve collectively reported a whole bunch of 1000’s of {dollars} in Bitcoin ETF purchases over the previous 12 months.
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 worth motion
Bitcoin worth rose sharply above $77,000 right this moment after Iran introduced the Strait of Hormuz had been absolutely reopened beneath 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 delivery 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 vitality flows via one of many world’s most crucial maritime chokepoints.
President Donald Trump amplified the event on social media, declaring that the “Strait of IRAN is absolutely open and prepared for full passage,” reinforcing expectations that diplomatic momentum may proceed. The White Home has recommended that broader talks with Tehran stay attainable inside days, with further regional conferences beneath dialogue.
Markets reacted rapidly. Oil costs fell because the geopolitical danger 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 may gasoline a breakout above resistance, whereas renewed tensions danger sending worth again towards the low-$70,000 vary.