Nearly a third of US states are venturing into a financial frontier once considered to be completely unthinkable: creating a strategic Bitcoin reserve.
While US President Donald Trump’s vision for a national digital asset stockpile is still developing, US states are not waiting around. Inspired by the success of other countries like El Salvador and the unprecedented support President Trump has shown for the industry, they are charging ahead with their own bold initiatives.
Sixteen US states are considering Bitcoin as part of their investment strategies, with legislation to allow public funds to be allocated to such digital assets already under discussion. In states like Arizona and Utah, where the bill has already passed committee approval, a vote in the chamber is right up their alley—bringing the idea of a Bitcoin reserve closer to becoming a reality rather than just a distant fantasy.
The case for countries and states embracing strategic Bitcoin is becoming more tangible as momentum builds in the US following Trump´s inauguration as president. In his first address to the sector on Feb. 4, White House crypto czar David Sacks said exploring a potential Bitcoin reserve would be “one of the first things we are going to look at” as part of the administration’s internal working group.
In his early days as President, Donald Trump signed an executive order creating a task force to shape US digital asset policies, fueling optimism for widespread crypto adoption. The group has six months to deliver a roadmap, which could define sector regulations and digital asset investment guidelines, along with potentially groundbreaking proposals like a national Bitcoin reserve.
US states are getting serious about Bitcoin
Indeed, some market participants were disappointed Trump did not immediately begin accumulating a strategic Bitcoin reserve. Still, US states are getting serious.
If some of these projects successfully clear their respective legislative procedures, this would mean state-level purchases of Bitcoin very soon—potentially well ahead of any federal government effort.
Some state legislation, such as…
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