Florida is considering a groundbreaking initiative to establish a strategic Bitcoin reserve for investing public funds.
The proposed legislation would empower the state’s chief financial officer to allocate public resources into Bitcoin investments.
A new bill has been introduced in Florida, aiming to permit the state to channel public funds into Bitcoin and other digital currencies.
This legislative proposal, known as House Bill 183 and backed by Representative Webster Barnaby, seeks to grant authority to the Chief Financial Officer and the State Board of Administration for managing segments of state finances through Bitcoin and digital asset exchange-traded products.
This initiative reflects a broader trend of institutional adoption. The United States set up its own strategic Bitcoin reserve under Treasury management in 2025, utilizing seized assets as value storage.
Major financial institutions like BlackRock and Fidelity have broadened their offerings related to Bitcoin funds, laying down infrastructure that could support adoption at the state level. Recent regulations permitting digital assets in retirement portfolios have paved the way for Florida’s approach towards creating a reserve strategy involving cryptocurrencies.
This legislation signifies Florida’s ambition to lead among states integrating crypto assets within public investment strategies, viewing Bitcoin as an essential component alongside conventional fund allocations by the state.