Nearly two dozen American states are discovering laws to install strategic bitcoin reserves, indicating a significant change of how public funds reach Cryptocurrency.
Investment management firm Wanek estimates that if these bills are applied, the states can collectively acquire around 247,000 BTCs, which cost about 23.7 billion dollars at current prices.
Why are state investing in bitcoins? State-related funds are considering bitcoin (BTC) for several reasons:
- Inflation hedge: Often called “digital gold”, bitcoin has been postponed as a protection against prolonged currency devaluation.
- Diversification: Cryptocurrency, in general, works independently of traditional financial markets.
- Development capacity: Bitcoin’s historical praise suggests high returns ability over time. Galaxy Digital’s Head Research Alex Thorne Said that bitcoin can be priced reach A level of $ 185,000 by the end of 2025.
There is already a look at the states moving towards bitcoin investment:
Alabama
In December, State Auditor Andrew Sorel told 1819 The news that Alabama should establish a strategic bitcoin reserve. “Crypto is to live here,” said Sorel. “Around 500 million people worldwide own cryptocurrency. Debate on whether Crypto would be successful. Now, for which states will benefit from it, it has started. ,
Aerizona
Last month, Arizona Senate Finance Committee approved “Arizona Strategic Bitcoin Reserve Act” in 5–2 votes. This bill will allow Arizona to invest up to 10% of public funds in bitcoin and other digital assets. Subsequently, the bill goes to the Senate Rules Committee for debate and amendments. If passed by the full Senate, it will carry forward the Arizona House of Representatives.
Florida
Florida CFO Jimmy Patronis released one Letter In October, the State Board of Administration requested a report on feasibility, risk and potential benefits to direct a part of the state retirement system in Cryptocurrency. “When the state pension manages for firefighters, teachers and police officers, it is also necessary to prioritize the bottom line and ensure the best return on investment for fluoridians,” Patronis said. “This is the place where the ability to invest in a cryptocurrency like bitcoin becomes especially compelling.”
Kansas
In January, website pension and investment Informed If a new bill has been introduced at the Cancer State Senate Pass, the Canasus Public Employees Retirement System, Topke, Bitcoin ETF will be able to invest up to 10% of its $ 27.4 billion in ETFs.
Illinois
On 29 January, the Bitcoin Strategic Bill was sent to the Rules Committee to rapidly track its approval process. Illinois State Rape. John Cabello introduced a bill to establish bitcoin as a strategic property for the state. Under the law, Illinois will manage the funds of the state of treasurer, who will accept gifts, grants and BTC donations from residents and government institutions.
Iowa
Earlier this month, Iowa State Rape. Taylor Collins introduced a bill to invest public money in bitcoins and digital assets. See below.
Massachusetts
A Republican, a Republican representing the Versster and Hampshire districts, was recently introduced by the state Sen Peter Duunt Bill It will invest uncontrolled or uncontrolled surplus money of the state in bitcoin and other digital currencies.
Michigan
Last year, the state of the Michigan Retirement System revealed the owner of 110,000 shares of ARK 21Shares Bitcoin ETF, which was valued at around $ 6.6 million as of June 30. 13f filing With the US Securities and Exchange Commission.
Missouri
Missouri’s representative Ben Kethale demanded the House Bill 1217 to set up a bitcoin strategic reserve fund, which would allow the state treasurer to invest and keep in bitcoins. BillDried on 6 February, Bitcoin is placed as a rescue against inflation and aims to diversify the financial holdings of the state.
Montana
Montana MLAs want to invest up to $ 50 million in digital assets including Bitcoin.
new Hampshire
A new bill introduced by Rape Keith Ammon may allow the Treasury of New Hampshire to be kept as a reserved property. Republican representative Keith Ammon proposed a law that would enable the state treasury to detain BTC.
new Jersey
In July 2024, Jersey City Mayor Steven Fulop indicated that the city’s pension fund is planning to come in contact with Bitcoin ETF. At that time, Bitcoin was trading at $ 67,000. Fulop has been relatively calm on this subject since then.
new Mexico
New Mexico Senator Anthony Thornton Recently Draft prepared The Senate Bill 275, or the “Strategic Bitcoin Reserve Act”, proposal for 5% allocation of public funds of the state in bitcoin.
North Carolina
In early 2023, the lower house of the General Assembly of Northern Carolina approved a bill to propose that the state’s treasurer conducted a study to assess the feasibility of incorporating bitcoins in the state holdings. . On February 10, 2025, Fast-forward: Coinlagraph reported that the NC Digital Assets Investments Act has been introduced. This allows the state to invest in digital assets through exchange-traded products.
North Dakota
Earlier this month, the State Legislature presented the resolution 3001, in which the State Fund was proposed to invest in digital assets. North Dakota representative Nathan Toman also supports a bill to protect the rights of bitcoin miners.
Ohio
Ohio House GOP majority whip Steve Demetrieu proposed a law to allocate 10% of state-control funds towards Bitcoin Reserve. He also emphasized that Bitcoin can take advantage of Ohio’s huge natural gas reserves to meet the demand for energy.
Pennsylvania
From November 2024, a bill demanded the state treasurer and public pension fund to invest in bitcoin. The bill did not pass, but created important discussion.
South Dakota
South Dakota House Bill 1202If passed, the state will allow the government to invest public money in bitcoin. It was introduced by the first-term representative Logan Manahart.
Texas
The objective of the Senate Bill 778 is to create a separate bitcoin reserve from the general revenue fund of the state. This will collect taxes and donations in cryptocurrency. More than this, Texas has a minimum five -year embarrago on selling state bitcoins.
Uta
Founder and CEO of Satoshi Act Fund, Dennis Porter told Republican Senator Synthia Lumis said Utah’s digital asset taskforce is especially dedicated to voting on bills related to Crypto and Web 3 during the off-season.
“Every bill that has come out of that task force, has finally passed in the law over the last several years, and our strategic bitcoin reserve law has just been out of that task force,” Porter said in February.
Visconsin
First US state to buy bitcoin ETFs. As the Q4 2024, the disknisin Investment Board (SWIB) has a 3.1 million shares of Blackrock’s Ishares Bitcoin Trust (Ibit) in the state of the price of about $ 588 million.
Initially, Grassscale Bitcoin was invested in ETF before expanding holdings.
Vyoming
Vyoming MPs aim to allow up to 3% of the state funds invested in bitcoins. Bill The General Fund and Permanent Mineral Trust will apply to major funds such as funds, marking a possible milestone in public fund management. If approved, the state treasurer can invest in bitcoins directly through safe detention solutions, registered patrons, or exchange-business products.
What will happen next?
As the speed increases, the role of bitcoin in state investment strategies is developing. If more state proceeds with the law, Bitcoin may soon become an important property in public pension funds across the country.
