On February 28, Montana lawmakers voted against a bill proposing the creation of a strategic Bitcoin reserve.
Montana Lawmakers Say 'No'
On February 28, 2025, the bill proposing a strategic Bitcoin reserve was rejected by Montana lawmakers. The proposal was voted down 41-59 despite support from some Republican members. Montana Representative Steven Kelly emphasized the need to protect taxpayer funds from speculative risks.
Saylor Hints at Bitcoin Purchases
Strategy co-founder Michael Saylor hinted at further Bitcoin acquisitions. On February 23, he shared a SaylorTracker chart, a signal that often precedes announcements of new BTC purchases. Currently, the firm holds 478,740 BTC.
Investors Turn to BTC Bull Token
While Montana has rejected Bitcoin investments, private investors are participating in the presale of BTC Bull Token (BTCBULL). The initiative aims to provide BTC airdrops when Bitcoin reaches certain price milestones. The project has already raised over $2.7 million.
While large states like Montana turn down Bitcoin reserve ideas, private investors continue to expand their presence in the crypto market.
