Sheri Biggs disclosed a purchase of up to $250,000 in iShares Bitcoin Trust ETF, made through her spouse’s account as US lawmakers consider major Bitcoin legislation.
The March 4 trade, filed within the required 45-day window, comes as the Senate reviews the BITCOIN Act of 2025, which proposes large-scale government Bitcoin accumulation.
The Biggs household previously made a similar six-figure IBIT purchase in 2025, though that earlier disclosure was filed late, triggering a $200 penalty under the STOCK Act.
The latest filing also showed smaller trades in Apollo Debt Solutions BDC and a sale of Oaktree Strategic Credit Fund, pointing to a broader portfolio shift toward crypto and credit exposure.
The BITCOIN Act, introduced by Cynthia Lummis, would direct the US Treasury to acquire one million Bitcoin over five years and hold it for at least two decades.
A related proposal, the Mined in America Act, would allow US-based miners to sell Bitcoin directly to the government, potentially boosting domestic production and reserves.
If passed, the measures could make the US one of the largest Bitcoin holders globally, supporting demand for ETFs like IBIT, which already manages about $55 billion in assets.
At the time of reporting, Bitcoin price was $77,207.50.