Official announcement from the Florida government or relevant financial authority

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.