List of US States that Will Establish Bitcoin Reserves

Bittime - Donald Trump proposed Bitcoin is a state reserve asset in the United States. By January 2025, at least 15 US states will establish Bitcoin Reserves. 

This shows the increasing adoption of Bitcoin as a strategic asset to protect financial stability. Read this article to find out more!

Wyoming: Pioneer of Bitcoin Reserve 

Wyoming is one of the US states that is a pioneer in establishing a Bitcoin Reserve. Wyoming introduced House Bill 201, which would allow the state to invest up to 3% of its public funds in Bitcoin.

If this law passes, Wyoming could include Bitcoin in fund portfolios such as the general fund, permanent mineral trust fund, and permanent land fund. 

The largest fund, the Permanent Wyoming Mineral Trust Fund, which has nearly $11.5 billion, could allocate more than $300 million to Bitcoin investments.

Read Also: Can Bitcoin Price Break $200K in 2025?

Massachusetts: Focus on Bitcoin Reserve Stability

In Massachusetts, Senator Peter Durant introduced Senate Docket 422 (SD422), billed as “An Act Relative to a Bitcoin Strategic Reserve.” 

The bill proposes that up to 10% of the Commonwealth Stabilization Fund, which is worth more than $8 billion, be invested in Bitcoin and other digital assets.

Additionally, Massachusetts law allows BTC to be loaned to generate additional income. Massachusetts also has the potential to form a Bitcoin Reserve that is larger than Wyoming, reaching $800 million.

Bitcoin Reserve: Texas and Oklahoma  

Apart from that, Texas and Oklahoma also formed a Bitcoin Reserve. Senator Charles Schwertner in Texas introduced SB 778, which aims to make Bitcoin the state's strategic reserve asset. 

Meanwhile, Oklahoma has introduced a similar proposal to add Bitcoin to the state's reserves.

Read Also: Investors Target Bitcoin for Long-Term Investment, Here's Why!

California: Exploration Towards a Bitcoin Reserve

California chose a different approach with a focus on research and education. Assembly Member Phillip Chen collaborated with the non-profit organization Proof of Workforce to draft legislation focused on the Bitcoin Reserve. 

This step aims to explore Bitcoin's potential in supporting state infrastructure and increasing financial resilience.

These are several states in the United States that will form a Bitcoin Reserve. Bitcoin Adoption demonstrating increasingly widespread recognition of the potential of these digital assets.  

Read Also: Bitcoin ETF vs Ethereum ETF: Which Performs Better?

Bitcoin FAQs

What are Bitcoins?

Bitcoin is the world's first crypto asset and the largest crypto asset by market capitalization. Bitcoin was first created in 2009 by Satoshi Nakamoto, whose true identity until now no one knows.

How many Rupiah is 1 BTC?

Currently, 1 BTC is worth IDR 1,684,171,347 based on the Bittime market. 

1 BTC How much is USD?

Currently, 1 BTC is worth $102,378.89 according to Coinmarketcap. 

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Reference

Be in Crypto, California, Massachusetts, and Wyoming Join the Race For a Bitcoin Reserve, accessed January 18, 2025.

Coinmarketcap, Coinmarketcap Bitcoin Currency, accessed January 18, 2025.

Author: IPR