North Carolina Moves to Establish a Bitcoin Reserve

Under the proposed legislation, only cryptocurrencies maintaining a $750 billion market cap for at least a year would be eligible for inclusion in the state reserve. Additionally, all investments must be made via exchange-traded products (ETPs).

Current CoinMarketCap data reveals that Bitcoin (BTC) is the only digital asset meeting these criteria, while Ethereum (ETH) is nowhere close. The bill has received official backing from House Speaker Destin Hall.

Investing in digital assets like Bitcoin not only has the potential to generate positive yields for our state investment fund but also positions North Carolina as a leader in technological adoption & innovation,

Hall expressed.

Investment management will fall under the governor and the executive council, positioning North Carolina as the 20th state to propose a Bitcoin reserve. Recent efforts in Montana, Florida, and Utah suggest that state-backed crypto reserves are gaining momentum across the U.S.

Check this out:Utah Legislature Advances Bill to Invest Public Funds in Crypto

Right now, only Utah has made any headway—every other state considering a crypto reserve bill is still stuck in the discussion phase, with no official approval. But given the growing interest, it’s likely lawmakers will eventually jump on board.

Meanwhile, some states are even toying with the idea of allowing crypto investments in retirement accounts, a move that could reshape digital asset adoption in mainstream finance.

All of this follows President Donald Trump’s federal push for crypto, though even his administration has yet to settle on an official stance. The debate is far from over.