Congresswoman Sheri Biggs Invests Up to $250K in Bitcoin ETF, Joining Growing Crypto Advocacy in Congress

South Carolina Representative Sheri Biggs has disclosed a purchase of up to $250,000 in Bitcoin exposure via the iShares Bitcoin Trust (IBIT), marking one of the largest single Bitcoin-related buys by a sitting member of Congress.

The transaction, recorded in a Periodic Transaction Report filed with the House, was executed on March 4, 2026 and reported in mid-April, complying with disclosure deadlines under the STOCK Act. The purchase falls within the $100,001–$250,000 range.

Biggs’ investment places her among Congress’s most aggressive adopters of Bitcoin investment products. She joins a growing cohort of lawmakers, including Senator David McCormick and Representative Brandon Gill, who have collectively reported hundreds of thousands of dollars in Bitcoin ETF purchases over the past year.

Biggs has previously been identified by crypto advocacy groups as a strong supporter of digital assets. Her latest filing underscores how lawmakers are increasingly gaining direct financial exposure to the sector they help regulate.

Bitcoin’s Price Surge Amid Geopolitical Developments

Bitcoin’s price rose sharply above $77,000 today following news that Iran had fully reopened the Strait of Hormuz under a ceasefire framework, easing fears of a potential supply shock and triggering a broad risk-on move across global markets.

Iranian Foreign Minister Abbas Araghchi announced that the key shipping route is now open to all commercial vessels for the duration of a 10-day truce tied to de-escalation efforts involving Israel and Hezbollah in Lebanon. The announcement signaled a temporary stabilization in a region that had been on edge for weeks over escalating tensions and threats to energy flows through one of the world’s most critical maritime chokepoints.

President Donald Trump amplified the development on social media, declaring that the “Strait of IRAN is fully open and ready for full passage,” reinforcing expectations that diplomatic momentum could continue. The White House has suggested that broader talks with Tehran remain possible within days, with additional regional meetings under discussion.

Market Reactions and Bitcoin’s Key Inflection Point

Markets reacted quickly to the news. Oil prices fell as the geopolitical risk premium unwound, while equities and crypto moved higher in tandem. Bitcoin pushed back into the $76,000–$78,000 range, a zone that has repeatedly acted as resistance since February’s pullback from earlier highs.

With liquidity thin and positioning crowded, Bitcoin now sits at a key inflection point. Continued geopolitical de-escalation could fuel a breakout above resistance, while renewed tensions risk sending price back toward the low-$70,000 range.