Rep. Sheri Biggs Discloses $250,000 Bitcoin ETF Buy Amid Reserve Bill Push
Rep. Sheri Biggs (R-SC) disclosed a purchase order of $100,001 to $250,000 in BlackRock’s iShares Bitcoin Trust ETF (IBIT) on March 4, made via her partner’s professionally managed account at UBS Financial Services.
The submitting, submitted to the House Clerk on April 16, landed inside the STOCK Act’s 45-day reporting window. It arrives because the Senate weighs laws that might flip the federal authorities right into a large-scale Bitcoin (BTC) purchaser.
Biggs Adds to Growing Bitcoin Position
The March commerce marks at the very least the second six-figure IBIT buy by the Biggs family. In July 2025, her husband acquired between $100,001 and $250,000 of the identical ETF roughly one week earlier than pro-crypto legislation passed the House.
That earlier transaction was disclosed months late, violating the STOCK Act’s 45-day rule and triggering a $200 penalty. Trackers famous IBIT gained about 12% within the three months following the purchase.
The identical April filing additionally listed two smaller purchases of Apollo Debt Solutions BDC and a sale of Oaktree Strategic Credit Fund holdings, signaling a broader portfolio shift towards crypto and debt publicity.
Strategic Bitcoin Reserve Bill Looms in Senate
The timing attracts extra scrutiny as a result of S.954, the BITCOIN Act of 2025, stays earlier than the Senate Banking Committee.
Introduced by Sen. Cynthia Lummis (R-WY), the invoice would direct the Treasury to amass a million BTC over 5 years and retailer them in a decentralized community of safe federal amenities with a 20-year minimal maintain.
Related efforts proceed to construct momentum. The Mined in America Act, launched March 30 by Sens.
Cassidy and Lummis, would codify President Trump’s govt order establishing the reserve and let licensed U.S. miners promote newly mined BTC directly to the Treasury.
If handed, these measures might make the federal authorities one of many largest holders of Bitcoin globally, a catalyst for assets like IBIT, which already manages roughly $55 billion and instructions about 70% market share amongst U.S. spot Bitcoin ETFs.
Congressional members stay legally permitted to commerce shares and ETFs underneath present guidelines. However, repeated timing controversies have fueled bipartisan requires a full buying and selling ban.
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