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 underneath 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 a whole lot 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 belongings, 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 latest 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 now after Iran introduced the Strait of Hormuz had been absolutely reopened underneath a ceasefire framework, easing fears of a possible provide shock and triggering a broad risk-on transfer throughout world markets.
Iranian Overseas Minister Abbas Araghchi stated the important thing delivery route is open to all business vessels at some point of a 10-day truce tied to de-escalation efforts involving Israel and Hezbollah in Lebanon. The announcement signaled a brief 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 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 potential inside days, with extra regional conferences underneath dialogue.
Markets reacted shortly. 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 gas a breakout above resistance, whereas renewed tensions danger sending worth again towards the low-$70,000 vary.
