North Carolina proposes to use up to 10% of public funds to invest in digital currencies, with Bitcoin (BTC) as the only eligible asset.
North Carolina is the next state to pour public funds into crypto
The trend of investing public funds in cryptocurrencies is spreading more and more in the US. Currently, about 23 states are considering or have already included digital assets in their investment portfolios. Among them, North Carolina is the latest state to join the game, with a bill just introduced yesterday.
JUST IN: 🇺🇸 North Carolina House Speaker Destin Hall introduces legislation to create a Strategic Bit Reserve. pic.twitter.com/VMczodJ7zk
— Bit Magazine (@BitcoinMagazine) February 10, 2025
The North Carolina bill, backed by House Speaker Destin Hall, proposes to allocate up to 10% of the state's general and highway funds to invest in digital assets. However, the prerequisite is that the asset must have an extremely large market capitalization, and currently only Bit (BTC) meets the requirement.
According to Mr. Hall, investing in Bit not only has the potential to generate profits for the state, but also helps North Carolina become one of the pioneering states in technology and innovation.
However, North Carolina is not the only state interested in cryptocurrencies. In fact, Wisconsin, Florida, Michigan have taken a step ahead, pouring retirement funds into the crypto market.
At least two other states are having serious discussions on this issue, bringing the total number of states considering it to 23, such as Oklahoma, Texas, Pennsylvania... Among them, Utah is making the fastest progress, with a Bit reserve fund bill already passed by the state House and now awaiting approval in the Senate.
Statistics of US states proposing Bit reserve bills. Source: Bit Reserve Monitor (11/02/2025)
This trend is not accidental, but largely stems from the federal policy under President Donald Trump.
Shortly after taking office, Mr. Trump signed an executive order encouraging the federal government to research the idea of hoarding cryptocurrencies as a form of strategic reserve. The US Congress also has a bill on this issue, but it has not yet been passed.
If the trend continues, we may witness a major change in how US states use public capital, as cryptocurrencies become part of their long-term financial strategy.
However, this decision also comes with risks, as the cryptocurrency market is still highly volatile and unprecedented in public investment. Nevertheless, with growing interest from states and the federal government, it appears that cryptocurrencies are gradually being recognized as a valuable asset in the modern economy.
Compiled by Coin68
