22 of 50 US States are currently working towards a Strategic Bitcoin Reserve. (2-11-25)

1. Alabama: State auditor advocated for a reserve to position Alabama as crypto-friendly.

2. Alaska

3. Arizona: Passed the Arizona Strategic Bitcoin Reserve Act, allowing up to 10% of public funds in Bitcoin.

4. Arkansas

5. California

6. Colorado

7. Connecticut

8. Delaware

9. Florida: Plans to establish a reserve by early 2025, supported by pro-Bitcoin leadership.

10. Georgia

11. Hawaii

12. Idaho

13. Illinois: Proposed a state-run Bitcoin reserve with a mandatory five-year holding period.

14. Indiana: Considering a strategic Bitcoin reserve as part of broader digital asset initiatives.

15. Iowa: Iowa has introduced House File 246 (HF 246), a bill allowing the state treasurer to invest up to 5% of public funds in digital assets with a market cap exceeding $750 billion, effectively limiting it to Bitcoin, as well as precious metals and stablecoins.

16. Kansas: Legislation introduced to allocate state funds toward Bitcoin.

17. Kentucky: Recently joined the movement with proposed legislation for a Bitcoin reserve.

18. Louisiana

19. Maine

20. Maryland

21. Massachusetts: Bill proposes investing up to 10% of the state’s rainy-day fund in Bitcoin or other digital assets.

22. Michigan

23. Minnesota

24. Mississippi

25. Missouri: Introduced legislation to establish a Bitcoin reserve.

26. Montana: Proposed legislation to establish a Bitcoin reserve.

27. Nebraska

28. Nevada

29. New Hampshire: Proposed diversifying state holdings with digital assets, likely including Bitcoin due to its market dominance.

30. New Jersey

31. New Mexico: New Mexico’s Strategic Bitcoin Reserve Act, formally Senate Bill 57 (SB57), proposes allocating 5% of public funds to Bitcoin.

32. New York

33. North Carolina: North Carolina has introduced legislation for a Strategic Bitcoin Reserve through House Bill 92, sponsored by House Speaker Destin Hall and co-sponsored by Representatives Mark Brody and Steve Ross.

34. North Dakota: Resolution encourages investing in digital assets and precious metals; formal legislation expected soon.

35. Ohio: Introduced the Ohio Bitcoin Reserve Act to create a Bitcoin fund within the state treasury.

36. Oklahoma: House Bill 1203 allows accumulation of Bitcoin and other digital assets with a $500 million market cap.

37. Oregon

38. Pennsylvania: Legislation allows up to 10% of general, emergency, and investment funds to be allocated to Bitcoin.

39. Rhode Island

40. South Carolina

41. South Dakota: Proposed measures for Bitcoin adoption and reserve creation.

42. Tennessee

43. Texas: Proposed accepting taxes, fees, and donations in Bitcoin; requires cold storage for at least five years.

44. Utah: Cleared a Strategic Bitcoin Reserve Bill, following Arizona’s lead.

45. Vermont

46. Virginia

47. Washington

48. West Virginia

49. Wisconsin

50. Wyoming: Five Republican senators filed a bill to create a Bitcoin reserve.