It will be the 20th US state to propose Bitcoin reserve legislation.
North Carolina lawmakers have introduced a bill that would allow the state treasurer to invest up to 10% of state funds in Bitcoin and other qualifying digital assets. The proposed legislation sets strict criteria, requiring any eligible cryptocurrency to have a market capitalisation of at least $750 billion over the past year. Currently, only Bitcoin meets this threshold. Investments would be made through regulated exchange-traded products, ensuring compliance with financial safeguards.
The bill outlines that funds from the General Fund, Highway Fund, and 24 other special state funds could be allocated to Bitcoin. Oversight would be provided by the Governor and the Council of State, while third-party investment managers handling digital assets must manage at least $100 million in assets. The move aligns North Carolina with other states exploring Bitcoin as a financial hedge and long-term store of value.
With this proposal, North Carolina becomes the 20th US state to introduce Bitcoin reserve legislation. Recent bills in Montana, Florida, Maryland, Iowa, and Kentucky signal a growing trend of state governments integrating digital assets into financial strategies. These efforts reflect increasing confidence in Bitcoin as a hedge against inflation and a valuable reserve asset for public funds.
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