This bill, introduced in March 2025, allows the state to invest up to 10% of its public funds in Bitcoin.
North Carolina is on the verge of a groundbreaking move in the cryptocurrency sphere with the Bitcoin Reserve and Investment Act (SB327). Introduced in March 2025, the bill permits the state to invest up to 10% of its public funds in Bitcoin. Considering the state’s $9.5 billion budget, this initiative could revolutionize North Carolina’s financial management.
If the bill receives approval, North Carolina might become a pioneer in utilizing digital assets for public investment, potentially encouraging other states to follow suit. Notably, North Carolina currently has two Bitcoin reserve bills being considered in the House and Senate, respectively.
This legislation is part of a larger plan to diversify the state’s financial reserves and capitalize on the escalating value and adoption of digital currencies.
Recently, Republican Senators Todd Johnson and Brad Overcash introduced a bill that would allow the state treasurer to invest a portion of state funds in Bitcoin. The bill, known as Senate Bill 327, is part of a broader effort by the North Carolina Legislature to diversify the state's investment portfolio.
"This is a new frontier in state banking," said Johnson, who chairs the Senate Finance Committee. "As Bitcoin is a decentralized asset, it is not subject to the same risks as traditional assets, such as stocks and bonds."
The bill would also require the state treasurer to report on the state's Bitcoin holdings and any income or losses realized from the investment on a monthly basis. In addition, the bill would create a special task force to study the feasibility of expanding the state's investment portfolio to include other digital assets, such as Ethereum and Litecoin.
"We are committed to being good stewards of taxpayer dollars," said Overcash, who is the lead sponsor of the bill. "This bill would allow us to invest in an asset that has the potential to generate strong returns for the state."
The bill is now pending in the House and Senate.
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