Ohio becomes the third U.S. state considering Bitcoin for government reserves, following other states’ lead.
The Ohio Bitcoin Reserve Act
Introduced in December 2024, the act grants Ohio's treasurer authority to purchase Bitcoin as part of the state’s asset allocation strategy. The bill allows Bitcoin to complement the state's investment portfolio.
The Bill's Provisions and Potential Impact
The bill amends Ohio’s Revised Code to create a dedicated Bitcoin fund within the state treasury, providing the Treasurer with discretionary power to invest in Bitcoin without mandatory requirements.
A Growing Trend Across the U.S.
States like Pennsylvania and Texas show interest in including Bitcoin in financial strategies, potentially strengthening fiscal resilience and hedging against inflation.
With the bill's passage, Bitcoin may become part of Ohio's financial strategy, providing inflation protection and bolstering digital asset legitimacy.
