Interest in Bitcoin (BTC) 
$94,392 in the United States is not confined to individual investors. Several states are discussing plans to establish Bitcoin reserves to support financial innovation and diversify their economies. Texas, Pennsylvania, Ohio, New Hampshire, and North Dakota are among the states considering action on this matter.
Texas Aims for Bitcoin Reserves
Texas seeks to advance its interest in digital innovation with a Bitcoin reserve. A bill introduced by Texas Representative Giovanni Capriglione in December 2024 proposes the establishment of a strategic Bitcoin stockpile for the state. The proposal requires that the Bitcoin be stored in cold wallets for at least five years and prohibits the use of the stored BTC for transactions outside the state.
Capriglione stated, “The strategic Bitcoin reserve demonstrates Texas’s commitment to innovation in cryptocurrencies and enhances the financial security of Texans.” Furthermore, the bill allows the public to donate to the state Bitcoin fund.
Similar Initiatives in Other States
In November 2024, the Pennsylvania House of Representatives proposed a bill recommending that the state utilize 10% of its General Fund, Rainy Day Fund, and Investment Fund to purchase Bitcoin. This proposal anticipates an investment of about $1 billion in BTC, supporting the notion that Bitcoin can hedge against inflation.
On December 17, 2024, Ohio Representative Derek Merrin introduced a bill envisioning a strategic Bitcoin reserve for the state. This bill grants the state treasury the authority to acquire Bitcoin, emphasizing the need for Ohio to embrace technology and protect tax revenues from depreciation.
A bill introduced by Keith Ammon on January 10, 2025, proposes that New Hampshire invest in Bitcoin. Due to high market capitalization criteria, the bill currently only considers Bitcoin suitable, and it authorizes the state treasury to engage in staking or lending practices with Bitcoin. Ammon remarked, “The last state to establish a Bitcoin reserve will lose out. It is crucial to act on this.”
Additionally, a group of legislators proposed a bill in North Dakota on the same day, suggesting the investment of selected state funds into cryptocurrencies. Although this proposal does not reference a specific asset, it may lay the groundwork for a more detailed legislative draft in the future.
States in the U.S. aiming to create Bitcoin reserves are embracing economic innovation to keep pace with digital transformation and ensure long-term financial stability.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
