Representative Sheri Biggs of South Carolina has revealed that she bought up to $250,000 in Bitcoin through the iShares Bitcoin Trust (IBIT), marking one of the largest Bitcoin-related purchases by a sitting member of Congress.
The Periodic Transaction Report filed This home reflects an exchange of $100,001–$250,000 that occurred on March 4, 2026 and was reported during April, in accordance with the disclosure period under the STOCK Act.
The transaction puts Biggs among the biggest adopters of Bitcoin in Congress, a group that includes Senator David McCormick and Representative Brandon Gill, who are together. report hundreds of thousands of dollars in Bitcoin ETF purchases last year.
Biggs has long been known by crypto activists as an outspoken supporter of the digital economy, and his recent posts show how lawmakers are increasingly turning the financial corner to the sector he helps regulate.
The move comes as BTC is trading below its latest high but remains central to the ongoing debate in Washington over the financial system and the potential policy of a federal Bitcoin reserve.
The price of Bitcoin
The price of Bitcoin it woke up a lot Above $77,000 today after Iran announced that the Strait of Hormuz has been reopened under a de-escalation plan, easing fears of a possible shock and triggering a major shock on global markets.
Iran’s Foreign Minister, Abbas Araghchi, said that the main shipping channel is open to all commercial ships for a period of 10 days in cooperation with the efforts of Israel and Hezbollah in Lebanon. The announcement marked a momentary calm in a region that has been reeling for weeks due to mounting tensions and threats to power through some of the world’s most volatile regions.
President Donald Trump expanded the development on social media, announcing that “the Strait of IRAN is open and ready for the end,” fueling expectations that it will continue. The White House has said more talks with Tehran are possible in the next few days, with more meetings being discussed.
Markets reacted quickly. Oil prices fell as global risks did not materialize, and equities and cryptos rallied in tandem. BTC pushed back into the $76,000–$78,000 range, a region it has been repeatedly reacting to since February 2017 from the initial highs.
Due to low liquidity and a saturated position, BTC is now in a critical position where a continuation of the downward trend could lead to resistance, while tensions are also at risk of resuming the price below $70,000.
