Congresswoman Sheri Biggs bought iShares Bitcoin Trust (IBIT) for the second time, filing a $100,000-$250,000 purchase disclosure on April 16, 2026, exactly 43 days after the March 4 transaction.
The first purchase came in July 2025. She filed that one late, earning a $200 fine under the STOCK Act. In the three months following that first purchase, IBIT gained approximately 12%, overlapping with the House passage of the CLARITY Act.
Why are Congress members repeatedly buying Bitcoin ETFs?
Three structural reasons: (1) IBIT is a disclosable security -- single-asset Bitcoin ETFs are not classified as Excepted Investment Funds, so every purchase must be reported. (2) Pro-crypto legislation and personal investments are converging -- Biggs voted for the CLARITY Act, GENIUS Act, and a resolution nullifying DeFi tax reporting requirements. (3) The penalty is only $200 -- effectively zero deterrent.
Rep. Brandon Gill (R-TX) accumulated up to $2.6M in Bitcoin assets in 2025. Rep. Marjorie Taylor Greene (R-GA) disclosed roughly $60,000 in IBIT purchases.
Where does IBIT stand now?
As of mid-April 2026, IBIT manages approximately $54 billion AUM, commanding ~49% of the entire U.S. Bitcoin ETF market. The ETF has pulled back 22.4% YTD from late 2025 highs, as Bitcoin retraced from its all-time high of $126,198 to around $75,000. Biggs' March 4 purchase in the $67,437-$74,051 range currently sits modestly in the money.
The 45-day problem
By the time a congressional trade becomes public, 45 days have passed. IBIT trades billions daily -- a $250K position does not move markets. Use these disclosures as directional signals for crypto policy trends, not as trade triggers.
For the full analysis in Korean, visit Snakestock.
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