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What percentage of its Stabilization Fund will Massachusetts allocate to Bitcoin if bill passes?
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Massachusetts•Peter Durant•Strategic Bitcoin Reserve•Commonwealth Stabilization Fund•Bitcoin•Wyoming•New Hampshire•Alabama•Florida•Pennsylvania•Texas•Ohio•North Dakota•Oklahoma
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Official financial allocation reports from Massachusetts state treasury
Story
Massachusetts Proposes Strategic Bitcoin Reserve Using 10% of $9 Billion Fund, 10th State to Do So
Jan 17, 2025, 06:45 PM
Massachusetts Senator Peter Durant has introduced a bill to establish a Strategic Bitcoin Reserve, marking the first such legislation in a deep blue state. The bill proposes to allocate up to 10% of the state's $9 billion Commonwealth Stabilization Fund into Bitcoin. This move makes Massachusetts the 10th state in the U.S. to introduce similar legislation, following Wyoming, New Hampshire, Alabama, Florida, Pennsylvania, Texas, Ohio, North Dakota, and Oklahoma.
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