Rep. Biggs Discloses Spouse's $250K IBIT Buy Amid BITCOIN Act Debate as BTC Hits $78K

Rep. Sheri Biggs disclosed her spouse's $100,001–$250,000 iShares Bitcoin Trust (IBIT) purchase on March 4—filed April 16 under the STOCK Act—marking the family's second six-figure IBIT buy after July 2025, as the Senate debates the BITCOIN Act (S.954) for 1M BTC Treasury buys over five years. IBIT, with $55B AUM and 70% U.S. spot ETF share, rallied ~12% post-prior trade. Bitcoin surged 4.6% to $77,487 (high $78,240) on April 17 after a 10-day Strait of Hormuz truce eased risks, testing $76K–$78K pivot for breakout or volatility.