U.S. Representative Sheri Biggs (R-SC) has disclosed a significant investment of up to $250,000 in BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). The purchase, made on March 4, 2026, marks one of the largest publicly reported bitcoin-related trades by an active member of Congress.
The transaction was executed through a professionally managed UBS account held in the W.S.B Trust, with the disclosed value falling within the range of $100,001 to $250,000. This filing appears to comply with the STOCK Act's 45-day reporting requirement, having been submitted on April 16, 43 days after the trade. This stands in contrast to a previous, similar IBIT purchase Biggs made in July 2025, which was part of a broader batch of delayed disclosures that drew scrutiny for transparency issues.
The timing of the March 4 purchase is notable, as Bitcoin was trading in a volatile range that day, opening around $68,000 and closing above $72,000. This period was part of a broader market rebound fueled by renewed ETF inflows. Since the purchase, Bitcoin's price has continued to climb, reaching approximately $78,000 by April 17, 2026.
Rep. Biggs is identified by the Stand With Crypto Alliance—a grassroots advocacy group launched by Coinbase—as a lawmaker who "strongly supports crypto." Her voting record includes support for three pro-crypto bills: the CLARITY Act, the GENIUS Act, and H.J. Res 25, a resolution that nullified tax reporting requirements for decentralized finance projects.
This investment reflects a growing trend of cryptocurrency exposure among U.S. lawmakers, ranging from meme coins to shares in companies like MicroStrategy. Former Rep. Marjorie Taylor Greene (R-GA) was the last politician to disclose a purchase of BlackRock's spot Bitcoin ETF in November 2025, though her investment was valued at a much smaller range of $1,000 to $15,000.
