In the United States, a strong state movement is developing to create bitcoin (BTC) reserves. So far, 8 states have expressed clear interest in the treasures in this digital currency and the benefits it can have for entities.
New Hampshire, Alabama, Florida, Pennsylvania, Texas, Ohio, North Dakota and Oklahoma are the states where the political strata have been responsible for elevating the debate of a bitcoin reserve to the social and legislative arenas.
Consideration of strategic bitcoin reserves in US states is enshrined in the 10th amendment of the United States Constitutionwhich allows any legislation that is not prohibited by it to be sanctioned by the state. This allows some states to create their own reserves, without permission from the federal government.
Of these 8 states, 6 have formally presented bills for the formation of strategic bitcoin reserves. Pennsylvania, Texas, Ohio, New Hampshire, North Dakota and Oklahoma are the states where these legislative proposals were presented, marking a milestone and the beginning of a movement that could proliferate in the coming months.
The other two, Alabama and Florida, are still waiting for official bills to be debated in local legislatures. However, senior representatives of the governorates of these entities They openly expressed the state’s interest in creating a BTC reserve.
In the case of Alabama, it was state auditor Andrew Sorrell who proposed the creation of a BTC treasury. While, in Florida, the state’s financial director, Jimmy Patronis, proposed the use of BTC as a reserve in that jurisdiction, as reported by CriptoNoticias.
1. Pennsylvania: a reservation to fight the erosion of purchasing power
In Pennsylvania, the bill to create a BTC reserve was signed by Congressmen Mike Cabell and former Representative Aaron Kaufer. The document was presented and referred to the Finance Committee of the Pennsylvania General Assembly in November 2024.
As seen in the projectthe law would allow the state treasury to invest in bitcoin, thus offering a new form of financial diversification. This project reflects a growing trend to consider cryptocurrencies as reserve assets, similar to how gold or other commodities are considered.
This project highlights the role of bitcoin as a financial instrument capable of stopping the “erosion of purchasing power” generated by inflation. He also mentions that this erosion affects the reserves of the commonwealth of Pennsylvaniaand, consequently, “the financial stability and economic security” of that entity and its residents, according to the document.
For this reason, they urge in the project that the region have access to assets like BTCwhich they praise for being a digital asset “that can serve as a hedge against inflation for a sovereign nation or an investment advisor.”
The proposal also states that the state treasurer will be responsible for directly holding the BTC in the reserve, “through the use of a secure custody solution on behalf of the commonwealth by a qualified custodian or in the form of an exchange-traded product issued by an investment company registered with this entity.”
2. Texas: bitcoin to improve the state’s fiscal resilience
In Texas, the project to create a strategic BTC reserve starts by recognizing this digital currency as a “valuable digital asset” with strategic potential to improve the state’s fiscal resilience.
In the document, which was presented by representative Giovanni Capriglione in December 2024, it is establishes that BTC, due to its decentralized nature and finite supply, “has unique qualities that can serve as a hedge against inflation and economic volatility.”
The proposal mentions that the strategic BTC reserve “aligns with Texas’ commitment to fostering innovation in digital assets and providing Texans with greater financial security.”
The bill also states that the BTC reserve will allow Texans to “voluntarily donate” bitcoin. This, “to promote shared prosperity and community investment in the financial future of Texas.”
The proposal establishes that the BTC in the reserve will remain in the custody of the state comptrollerwho will also be responsible “for implementing secure storage, management and reporting systems for these assets.”
3. Ohio: Seeking greater financial security
In Ohio, the bill, introduced by Representative Derek Merrin in 2024, states that they target a bitcoin reserve in order to guarantee “greater financial security” for residents of that entity.
Essentially, this document It is very similar to the one made in Texassince both pursue the same objective, which is to use bitcoin as a hedge against inflation due to the attributes that this digital currency has.
As seen in the proposal, the state treasurer will be the one who manages Ohio’s bitcoin reserve fund, in addition to being enabled to invest provisional state money in that strategic reserve.
The Ohio bill, like the previous ones, proposes that the state treasurer be responsible for guarding the BTC in the strategic reserve, for which you must use safe solutionsas an outsourced but state-qualified custodian.
In New Hampshire’s bill to create a bitcoin reserve, this asset, which is not initially mentioned by name, is intertwined with the acquisition of precious metals in order to form a strategic reserve.
This proposalintroduced this 2025 by Representative Keith Ammon, authorizes the establishment of a strategic reserve, allowing the state treasury to invest in precious metals and digital assets.
More precisely, the reservation proposed for New Hampshire authorizes investment in exchange-traded funds (ETFs), precious metals such as silver, gold or platinum, and digital assets “with a market capitalization of more than $500 billion.”
Although bitcoin is not explicitly mentioned, this is the only digital currency that exceeds that market capitalizationcurrently in the order of 1.9 trillion dollars.
The bill indicates that acquired digital assets will be held directly by the state treasurer through the use of a secure escrow service or on behalf of the state by a qualified entity.
5. North Dakota: to diversify investments
In North Dakota, the bill to create a strategic bitcoin reserve also does not directly mention this currency and only names “digital assets.” Likewise, with its considerations.
This proposalpresented by a group of 8 congressmen from that state a few days ago, encourages the state treasurer and the investment board, “to invest state funds in digital assets and precious metals,” in order to create a strategic reserve.
In this project inflation and its erosion on purchasing power are consideredas well as the fact that the treasurer and the board “have the responsibility of safeguarding the financial resources of the state against the impacts of inflation and other economic uncertainties.”
Therefore, the document states that a portion of the state’s general fund, the budget stabilization fund, and the legacy fund, should be invested in digital assets.
6. Oklahoma: no more than 10% of public funds
In Oklahoma’s bill to create a bitcoin reserve, the state treasurer is urged to invest in BTC “or any other digital asset with a market capitalization above $500 billion.”
In that documentwhich was presented by Representative Cody Maynard this week, establishes that the amount of public funds that can be invested in bitcoin cannot “exceed 10%” at the time the investment is made. Thus, it is proposed a modest reserve that also serves to confront inflation.
In Oklahoma, the fact is also extolled that the treasurer must find the best way to safeguard bitcoins, for example, on behalf of the state. and through a qualified custodian.
Can the pro-bitcoin reserves movement grow?
The state movement towards the adoption of bitcoin as a reserve may be boosted if Donald Trump fulfills his campaign promises aimed at a better policy towards BTC and cryptocurrencies.
Of course, the influence of these policies could redefine how states and the federal government interact with cryptocurrenciespossibly leading to greater acceptance and favorable regulation.
It is clear that interest in bitcoin reserves in US states is not just a legislative phenomenon, but a reflection of global trends toward the acceptance and regulation of bitcoin and cryptocurrencies in the public sector.
It will remain to be seen throughout the recently begun 2025 whether the wave of bitcoin reserves grows until it becomes a tsunami. Or if, on the other hand, it dwindles until it disappears. For now, everything points to an imminent flood of BTC treasures in the North American country.
