Wyoming Becomes 9th State to Propose Strategic Bitcoin Reserve, Up to 3% Investment Allowed

Jan 17, 2025, 05:07 PM

Wyoming has introduced legislation to establish a Strategic Bitcoin Reserve, marking it as the ninth state to pursue such a measure. The bill, introduced by Representative Jacob Wasserburger, aims to allow the state's permanent funds to diversify into Bitcoin, with up to 3% of the state general fund ($3B), the mineral trust fund ($10B), and the land fund ($1.2B) potentially being invested. This initiative follows similar legislative efforts in New Hampshire, Alabama, Florida, Pennsylvania, Texas, Ohio, North Dakota, and Oklahoma. Senator Cynthia Lummis praised the move as a bold step toward financial innovation, highlighting Wyoming's leadership in this area.