Oklahoma Proposes $850 Million Bitcoin Strategic Reserve
- House Bill 1203 aims to establish a Bitcoin Strategic Reserve in Oklahoma, capped at $850 million.
- The proposal allows investment from the State General Fund, Revenue Stabilization Fund, and Constitutional Reserve Fund.
- Investments are limited to assets with market capitalizations over $500 billion, currently only Bitcoin qualifies.
- The bill includes provisions for secure custody solutions and staking of digital assets.
- If approved, the legislation will be effective from November 1, 2025.
Representative Cody Maynard introduced legislation for an $850 million Bitcoin reserve in Oklahoma, focusing on secure storage and staking options. The bill targets November 2025 for implementation if passed.
