U.S. States Consider Strategic Bitcoin Reserves
- Texas proposed a bill in December 2024 to establish a Bitcoin reserve, requiring assets to be held for at least five years.
- Pennsylvania’s November 2024 bill allows the Treasurer to invest up to 10% of certain state funds in Bitcoin, potentially totaling nearly $1 billion.
- Ohio introduced the Ohio Bitcoin Reserve Act on December 17, 2024, empowering the State Treasurer to purchase Bitcoin.
- New Hampshire proposed a bill on January 10, 2025, enabling its Treasury to invest in Bitcoin and engage in lending or staking.
- North Dakota submitted a resolution on January 10, 2025, to explore digital asset investments.
Five U.S. states are considering legislation or resolutions to establish strategic Bitcoin reserves as digital asset advocates push for broader adoption at state levels.
