The Oklahoma House of Representatives voted 77-15 in favor of the strategic Bitcoin reserve bill: the decision now moves to the Senate.
On March 24, the Oklahoma House of Representatives passed the Bitcoin Strategic Reserve Bill (HB 1203) with a resounding majority of 77 votes in favor and only 15 against.
State Representative Cody Maynard introduced HB 1203 on January 15, aiming to establish Bitcoin as a strategic reserve for the state. The bill had already passed the Government Oversight Committee on February 25 with a 12-2 vote before advancing to the full House vote.
During the proposal’s introduction, Maynard stated:
“Bitcoin represents freedom from bureaucrats who erode our purchasing power with currency printing. As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in the principles of financial freedom and monetary soundness.”
Details of the Oklahoma Bitcoin reserve act
The bill would allow the State Treasurer to invest up to 10% of public funds in Bitcoin and other digital assets that have maintained a market capitalization of over $500 billion in the past year—currently, only Bitcoin meets this criterion.
Investments could be made using funds from the State General Fund, the Revenue Stabilization Fund, and the Constitutional Reserve Fund.
The State Treasurer would have several options for asset custody:
- direct custody by the Treasurer;
- use of secure custody solutions managed by qualified custodians;
- investment in Exchange-Traded Funds (ETFs) tracking Bitcoin.
Next steps
With House approval, HB 1203 now moves to the Oklahoma Senate for review and final voting. If passed and signed by the Governor, the bill will come into effect on November 1, 2025.
Oklahoma is part of a growing movement of states considering Bitcoin investments. On March 24, in Arizona, the House Rules Committee approved two bills related to digital asset reserves. Bills SB 1373 and SB 1025 are now headed for a full House vote. The Texas Senate has also approved a strategic Bitcoin reserve bill, though it still needs to pass the House and receive the Governor’s signature to become law.
