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04/18/2026

Congressional Bitcoin Buying Signals Institutional Momentum

Representative Sheri Biggs disclosed purchasing up to $250,000 in BlackRock's iShares Bitcoin Trust ETF, marking her second six-figure bitcoin investment in 12 months.

Congressional Bitcoin Buying Signals Institutional Momentum

What happened: Representative Sheri Biggs disclosed purchasing up to $250,000 in BlackRock's iShares Bitcoin Trust ETF, marking her second six-figure bitcoin investment in 12 months. The timing coincides with Bitcoin's rebound toward all-time highs.

Why it matters: Congressional crypto purchases often signal broader institutional acceptance, particularly when lawmakers make repeat investments. Biggs' timing suggests confidence in Bitcoin's trajectory despite ongoing regulatory uncertainty, potentially influencing other government officials' investment decisions.

Source: The Block