Rep. Sheri Biggs (R-S.C.) has put fresh money behind Bitcoin, disclosing a purchase of BlackRock’s spot Bitcoin ETF (IBIT) last month worth between $100,000 and $250,000, according to federal filing ranges tracked by Unusual Whales. The trade, made on March 4, came just days after a flare-up of hostilities involving the U.S., Israel and Iran—and at a moment when Bitcoin briefly dropped to about $67,800 (CoinGecko). Bitcoin has climbed roughly 14% since that low.
The new IBIT buy was part of a broader set of portfolio moves: the congresswoman picked up shares in a private credit fund from Apollo while selling a similar product affiliated with rival Oaktree. Lawmakers’ filings report values only within wide brackets, so the precise size of the purchase is not public.
Biggs, who took office as the representative for South Carolina’s 3rd District in January, has been identified by the Stand With Crypto Alliance—a Coinbase-backed grassroots group—as a strong crypto supporter. The group notes she voted for three pro-crypto measures in the House: the CLARITY Act, the GENIUS Act and H.J. Res. 25, the latter of which nullified certain tax-reporting requirements for DeFi projects that some members called burdensome.
Crypto-linked investments have become increasingly common among U.S. lawmakers, spanning everything from meme coins to shares of MicroStrategy (MSTR), the enterprise software firm known for large Bitcoin holdings. The last congressional disclosure of a BlackRock spot Bitcoin ETF purchase was from former Rep. Marjorie Taylor Greene (R-Ga.) in November, a trade listed between $1,000 and $15,000.
Biggs’ disclosures have also drawn scrutiny. NOTUS reported last October that she may have missed a 45-day deadline under the Stop Trading on Congressional Knowledge (STOCK) Act when she disclosed more than 170 trades by her and her husband—among them a previous IBIT purchase last July valued in the same up-to-$250,000 bracket. The March 4 filing showed she had only one day left under the STOCK Act to make that trade public.
Decrypt has contacted Biggs’ office for comment.
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