Official announcements from the Florida state government or financial reports

Florida May Establish Bitcoin Reserve in Q1 2025 Using $185.7B Pension Fund

Dec 6, 2024, 11:32 AM

The state of Florida is considering establishing a Bitcoin reserve as early as Q1 2025, leveraging its $185.7 billion pension fund, the fourth-largest in the United States. The plan could involve allocating billions of dollars from the pension fund and the state budget surplus into cryptocurrency-related assets, including Bitcoin. This move reflects a strategic effort to diversify the state's investment portfolio and capitalize on the growing prominence of digital currencies.