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How will major financial institutions react to Florida's Bitcoin reserve plan by June 30, 2025?
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Public statements or reports from major financial institutions
Story
Florida to Consider Bitcoin Reserve in 2025, Leveraging 1% of $185.7B Pension Fund and $800M Investments
Dec 6, 2024, 06:48 AM
Florida may introduce a strategic Bitcoin reserve in the first quarter of 2025, according to Samuel Armes, President of the Florida Blockchain Business Association. The state is considering leveraging 1% of its $185.7 billion pension fund, which is the fourth-largest in the U.S., to support this initiative. Florida has previously shown interest in cryptocurrency, having allocated $800 million to Bitcoin-related investments. This potential move reflects the state's ongoing exploration of crypto assets as part of its financial strategy.
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