Rep. Sheri Biggs (R-SC) disclosed a purchase order of $100,001 to $250,000 in BlackRock’s iShares Bitcoin Belief ETF (IBIT) on March 4, made by way of her partner’s professionally managed account at UBS Monetary Companies.
The submitting, submitted to the Home Clerk on April 16, landed inside the STOCK Act’s 45-day reporting window. It arrives because the Senate weighs laws that might flip the federal authorities right into a large-scale Bitcoin (BTC) purchaser.
Biggs Provides to Rising Bitcoin Place
The March commerce marks no less than the second six-figure IBIT buy by the Biggs family. In July 2025, her husband acquired between $100,001 and $250,000 of the identical ETF roughly one week earlier than pro-crypto laws handed the Home.
That earlier transaction was disclosed months late, violating the STOCK Act’s 45-day rule and triggering a $200 penalty. Trackers famous IBIT gained about 12% within the three months following the purchase.
The identical April submitting additionally listed two smaller purchases of Apollo Debt Options BDC and a sale of Oaktree Strategic Credit score Fund holdings, signaling a broader portfolio shift towards crypto and debt publicity.
Strategic Bitcoin Reserve Invoice Looms in Senate
The timing attracts extra scrutiny as a result of S.954, the BITCOIN Act of 2025, stays earlier than the Senate Banking Committee.
Launched by Sen. Cynthia Lummis (R-WY), the invoice would direct the Treasury to accumulate a million BTC over 5 years and retailer them in a decentralized community of safe federal amenities with a 20-year minimal maintain.
Associated efforts proceed to construct momentum. The Mined in America Act, launched March 30 by Sens.
Cassidy and Lummis, would codify President Trump’s government order establishing the reserve and let licensed U.S. miners promote newly mined BTC on to the Treasury.
If handed, these measures may make the federal authorities one of many largest holders of Bitcoin globally, a catalyst for belongings like IBIT, which already manages roughly $55 billion and instructions about 70% market share amongst U.S. spot Bitcoin ETFs.
Congressional members stay legally permitted to commerce shares and ETFs below present guidelines. Nevertheless, repeated timing controversies have fueled bipartisan requires a full buying and selling ban.
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