Bitcoin Bill: North Carolina’s Investment Strategy

North Carolina Advances Bitcoin Investment Strategy with SB327

• North Carolina introduced Senate Bill 327 (SB327) to allocate up to 10% of public funds into Bitcoin as a reserve asset.
• The bill was proposed by Republican senators Todd Johnson, Brad Overcash, and Timothy Moffitt.
• Bitcoin will be held in cold storage with multiple signatures for security purposes.
• A Bitcoin Economic Advisory Board will be established to manage the reserve.
• The state is considering engaging in Bitcoin mining to accumulate BTC cost-effectively.

North Carolina’s SB327 proposes investing up to 10% of public funds in Bitcoin, emphasizing secure storage and strategic use. The bill also suggests exploring Bitcoin mining as a revenue source.