North Carolina and Montana join the list of states that have introduced bills for state Bitcoin reserves.
The United States is witnessing a true institutional race for Bitcoin. North Carolina and Montana are the latest states to propose legislation allowing state investments in Bitcoin and other digital assets.
North Carolina has become the 21st U.S. state to introduce a bill allowing the state to invest in Bitcoin. House Bill 92, backed by Representatives Destin Hall, Mark Brody, and Steve Ross, would authorize the state treasurer to allocate up to 10% of funds into digital assets with a market capitalization exceeding $750 billion—a criterion currently met only by Bitcoin. The investment would be made through spot ETFs.
Meanwhile, in Montana, Representative Curtis Schomer has introduced House Bill 429, proposing an investment of up to $50 million in digital assets with a market cap over $750 billion. The bill outlines the creation of a special fund for investments in precious metals, stablecoins, and digital assets.
The movement is also expanding to other states. Maryland, Iowa, and Florida have recently introduced similar bills, each with its own specific features. However, in Wyoming and North Dakota, similar legislative efforts have faced setbacks. Wyoming’s HB201 bill was stalled in committee, while North Dakota’s HB1184 failed to pass a House vote.
