Sheri BIGGS, a South Carolina Representative who is currently a member of Congress, has revealed that she purchased up to $250,000.00 in Bitcoin via the iShares Bitcoin Trust.
Periodic Transaction Report filed with the House shows a transaction in the $100,001–$250,000 range executed on March 4, 2026 and reported in mid‑April, in line with disclosure deadlines under the STOCK Act.
Biggs is now among Congress’s most aggressive Bitcoin investors, joining Senator David McCormick (who has collectively acquired over $500,000 in Bitcoin) and Representative Brandon Gill. reported Bitcoin ETFs purchased in the past 12 months have cost hundreds of thousands.
Biggs was previously identified as a strong supporter of digital assets by crypto advocacy organizations. Her latest filing highlights how legislators are increasingly getting direct financial exposure in the industry they regulate.
This move is made as BTC continues to trade below its recent highs, but it remains at the center of Washington’s debate on digital assets regulation and a possible federal Bitcoin reserve policy.
Bitcoin price change
Bitcoin Price rose sharply Above $77,000 after Iran announced that the Strait of Hormuz was fully reopened within a ceasefire. This eased fears of an upcoming supply shock, and caused a risk-on movement across global markets.
Abbas Araghchi, Iranian foreign minister, said that the main shipping route will be open for all commercial ships during a 10-day ceasefire tied to the de-escalation effort involving Israel in Lebanon and Hezbollah. This announcement marked a temporary stability in the region, which had been tense for several weeks due to escalating tensions. It also posed a threat to energy flow through one of world’s critical choke points.
Donald Trump emphasized the situation on Twitter, stating that it was a “very serious” matter. “Strait of IRAN is fully open and ready for full passage,” The expectation of a diplomatic momentum to continue is reinforced. White House officials have suggested that further talks with Tehran are still possible in the coming days and additional regional meetings will be discussed.
Markets reacted quickly. The oil price fell, as geopolitical risks were reduced. Equities and cryptocurrency also rose. BTC pushed back into the $76,000–$78,000 range, a zone that has repeatedly acted as resistance since February’s pullback from earlier highs.
BTC, with its thin liquidity and crowded positioning, is now at a critical inflection. A continued geopolitical downsizing could drive a breakout over resistance while new tensions can send price back to the lower $70,000s.
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Source: bitcoinmagazine.com
