Rep. Sheri Biggs (R–SC) has quietly increased her exposure to Bitcoin — this time through BlackRock’s spot Bitcoin ETF (IBIT). In a disclosure filed Friday, Biggs reported purchasing between $100,000 and $250,000 of IBIT last month, with the upper bound frequently cited in filings as “up to $250,000.” Data compiled by Unusual Whales shows the broad disclosure range lawmakers must use, meaning the exact figure could be toward the lower end.
The trade was executed on March 4, a few days after a surge in geopolitical tensions involving the U.S., Israel and Iran. At that time Bitcoin dipped to roughly $67,800, according to CoinGecko; the token has since climbed roughly 14% from that low. The move came alongside other portfolio activity: Biggs added shares in a private credit fund run by Apollo and sold a similar product from rival manager Oaktree.
Biggs’s purchase continues a trend of members of Congress moving into crypto-related vehicles. Over recent years lawmakers have disclosed stakes ranging from meme coins to shares in MicroStrategy (MSTR), the corporate Bitcoin buyer. The last publicized BlackRock ETF buy by a lawmaker was by former Rep. Marjorie Taylor Greene (R–GA), who disclosed a $1,000–$15,000 IBIT stake in November.
While Biggs’s congressional website does not prominently feature crypto policy positions, the advocacy group Stand With Crypto — launched by Coinbase — lists her as a strong supporter of the industry. According to the group, Biggs voted in favor of three pro-crypto measures in the House: the CLARITY Act, the GENIUS Act, and H.J. Res 25, a resolution enacted last year that removed certain tax-reporting obligations for decentralized finance projects that some lawmakers had deemed “burdensome.”
Biggs, who took office as the representative for South Carolina’s 3rd Congressional District in January, has faced scrutiny over earlier disclosures. An analysis published by NOTUS last October reported she missed the 45-day deadline required by the STOCK Act when reporting more than 170 trades made by her and her husband — including another IBIT purchase, then also reported as up to $250,000 last July. The March 4 filing indicated she had one day left under the law to make that trade public.
Decrypt has contacted Rep. Biggs’s office for comment.
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