Strategic Bitcoin Reserve Bill Passes North Carolina House Vote

North Carolina Approves Bill to Create Bitcoin Reserve Fund

On April 30, 2025, the North Carolina House of Representatives passed House Bill 92, known as the Strategic Bitcoin Reserve Bill. It allows the state to create a Bitcoin reserve. The state will invest in BTC-related funds, like Bitcoin mutual funds. However, the bill doesn’t allow the state to buy BTC directly. Instead, it lets the Carolina invest in funds connected to BTC and similar digital assets. 

Supporters of the bill believe it could help the authorities' finances. The coin’s growth potential might increase returns and help fix the state’s $16 billion pension system deficit. The bill also allows state employees to invest part of their pension funds in cryptocurrency.

Before becoming a law, the draft still needs to pass through the North Carolina Senate. If it becomes law, it could encourage other states to consider similar investments.

Arizona Leads the Way with Bitcoin Reserve

North Carolina is not the first government to explore crypto in government finance. Earlier this year, Arizona approved the creation of this reserve. Arizona will invest 10% of its $31.5 billion of the assets into cryptocurrency. This makes it the first state to officially adopt BTC as part of its financial strategy. Arizona’s decision shows that they are ready to embrace digital currency for its future. 

Crypto Adoption Growing Among Governments

The moves by both North Carolina and Arizona are part of a growing trend where governments are starting to accept cryptocurrencies. While Crypto was once seen as a risky investment, it is now being considered for government portfolios. Many believe that digital assets can help authorities diversify their investments and improve financial stability.

Cryptocurrencies like BTC are becoming more trusted as long-term investments. Governments are beginning to see their potential for helping to grow pension funds and fight inflation. This shift could change how governments approach finance in the future.

Trump’s Crypto Reserve and What’s Next

President Trump already passed the bill for a strategic crypto reserve that would include Bitcoin, Ethereum (ETH), XRP, and other digital assets. Although the idea faced some criticism at the early stage, the draft got passed. This move suggests, North Carolina would also follow the same for the strategic BTC reserve fund. 

These steps by both the governments may inspire other authorities to take similar actions. The future of cryptocurrency in government finance is looking brighter. More authorities may start investing in digital currencies as part of their financial strategy in the coming years.