Rep. Sheri Biggs (R-SC) disclosed a $100,001-$250,000 purchase in BlackRock’s iShares Bitcoin Trust ETF (IBIT) on March 4, through her husband’s professionally managed account at UBS Financial Services.
The request was filed with the Clerk of the House on April 16, and arrived within the 45-day reporting window of the STOCK Act. It comes as the Senate is considering legislation that could turn the federal government into a large-scale buyer of Bitcoin (BTC).
Biggs adds to the growing Bitcoin scene
The March trade marks at least the second six-figure IBIT purchase by the Biggs family. In July 2025, her husband received between $100,001 and $250,000 from the same ETF about a week earlier. The House of Representatives passed pro-encryption legislation.
That was the previous deal It has been detected Months later, she violated the 45-day rule of the Stock Act and was fined $200. Trackers noted that IBIT gained about 12% in the three months following the purchase.
Same as April Deposit It also included two small purchases of Apollo Debt Solutions BDC and a sale of holdings of Oaktree Strategic Credit Fund, signaling a broader portfolio shift towards exposure to cryptocurrencies and debt.
Bitcoin Strategic Reserve Bill Looms in the Senate
The timing requires additional scrutiny because S.954, Bitcoin The bill, 2025, is still before the Senate Banking Committee.
The bill was introduced by Sen. Cynthia Lummis (R-Wis.), and would direct the Treasury Department to acquire 1 million bitcoins over five years and store them in a secure location. decentralization A network of secure federal facilities with a minimum term of 20 years.
Related efforts continue to build momentum. the Mined in American lawwas introduced on March 30 by Sen.
Cassidy and Loomis will codify President Trump’s executive order to create the reserve and allow certified US miners to sell newly mined Bitcoin. Directly to the treasury.
If passed, these measures could make the federal government one of the largest holders of bitcoin globally, which would be an incentive. Assets such as IBITwhich already manages nearly $55 billion and holds about 70% market share among U.S. Bitcoin ETFs.
Members of Congress remain legally permitted to trade stocks and ETFs under current rules. However, repeated disagreements over the timing have sparked bipartisan calls for a full trade ban.
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