Bitcoin Bill Allocates $950M in NC

North Carolina Proposes $950 Million Bitcoin Investment

• The proposed “NC Bitcoin Reserve and Investment Act” could allocate up to $950 million in Bitcoin.
• This represents up to 10% of North Carolina’s estimated $9.5 billion general fund.
• A Bitcoin Economic Advisory Board would be created for guidance.
• Bitcoin holdings would require multi-signature cold storage and monthly audits.
• The bill includes strict usage restrictions, needing two-thirds legislative approval for liquidation.

North Carolina’s proposed legislation aims to invest up to $950 million, or 10% of its general fund, in Bitcoin, establishing a dedicated reserve managed with stringent security and oversight measures.