• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US States Aim to Create Bitcoin Reserves: A Growing Trend

user avatar

by Giorgi Kostiuk

3 months ago


Interest in Bitcoin in the US is expanding beyond individuals. Several states are contemplating Bitcoin reserves to foster financial innovation and diversify their economies.

How is Texas Leading the Charge?

In Texas, steps are being taken towards establishing a Bitcoin reserve. Representative Giovanni Capriglione introduced a bill in December 2024, proposing the creation of a state-sanctioned Bitcoin stockpile. This legislation mandates that the Bitcoin be stored in cold wallets for a minimum of five years and prohibits transactions outside state lines.

What Other States Are Following Suit?

In Pennsylvania, the House of Representatives proposed a bill in November 2024 that advocates for allocating 10% from its General Fund to invest in Bitcoin, potentially amounting to around $1 billion. This aims to leverage Bitcoin as a hedge against inflation.

Ohio has introduced a bill allowing its treasury to acquire Bitcoin, reflecting a commitment to technological advancements and safeguarding tax revenues from depreciation.

New Hampshire’s recent proposal, introduced by Keith Ammon, aims for investments specifically in Bitcoin, citing its substantial market capitalization. Meanwhile, North Dakota’s legislators have suggested investing state funds into various cryptocurrencies, indicating the potential for future detailed proposals.

The Future of Economic Innovation in the US

These initiatives reflect a growing trend among US states to embrace economic innovation, keeping pace with the digital landscape while aiming for long-term financial resilience.

With efforts from states like Texas and Pennsylvania to embrace new financial practices, interest in Bitcoin and its economic potential in the US continues to grow.

0

Share

Other news

Innovative Bitcoin ETFs by Grayscale: Steady Income for Investors

Grayscale launches Bitcoin Covered Call and Bitcoin Premium Income ETFs for generating stable income by adapting to market volatility.

user avatarGiorgi Kostiuk

9 minutes ago

Bitcoin Falls Amid Trump's Tariff Plans

The crypto market faced volatility as Trump announced new tariff plans.

user avatarGiorgi Kostiuk

19 minutes ago

Neuralink Starts Brain Implant Trials

Neuralink conducts initial brain implant trials, promising a revolution in neurotechnology.

user avatarGiorgi Kostiuk

19 minutes ago

Major Bitcoin Transfer Sparks Market Fluctuations: Could $103K Be Achieved by April 3?

The transfer of 1,280 BTC worth over $106M leads to market instability and discussions about possibly reaching $103,408 by April 3.

user avatarGiorgi Kostiuk

19 minutes ago

Shibarium Hits 1B Transactions as Shiba Inu Burn Rate Soars 10,000%

Shibarium hits 1B transactions, with a 10,000% SHIB burn rate increase.

user avatarGiorgi Kostiuk

20 minutes ago

Curve Finance Shows Growth and Resilience With $35 Billion in Q1 2025

Curve Finance recorded a 13% increase in trading volume to $35 billion in Q1 2025, solidifying its position in decentralized finance.

user avatarGiorgi Kostiuk

29 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.