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Michigan Advances Bill to Invest 10% of Public Funds in Bitcoin

• Michigan’s legislature is considering a bill to invest up to 10% of public funds in Bitcoin.
• The Strategic Bitcoin Reserve bill positions Michigan as a leading state in Bitcoin adoption.
• Over 20 U.S. states have introduced or considered similar legislation in 2024 and early 2025.
• Michigan’s pension fund already has minor Bitcoin exposure through exchange-traded funds.
• The proposal aligns with federal cryptocurrency policy shifts supporting a national Bitcoin reserve.
• Critics highlight Bitcoin’s price volatility as a risk for public funds.

Michigan’s proposed legislation to allocate up to 10% of its public funds into Bitcoin marks a significant step toward state-level cryptocurrency adoption, aligning with broader federal policy shifts. The move could position Michigan among the most ambitious U.S. states in this regard, despite concerns over Bitcoin’s volatility.