Michigan's Bitcoin Reserve Bill, HB 4807, has made progress after seven months without action, advancing to a second reading in the state House of Representatives. Initially introduced in February, the bill seeks to authorize the state treasury to invest up to 10% of its reserves in Bitcoin and potentially other cryptocurrencies. If approved, Michigan would join Texas, New Hampshire, and Arizona in enacting similar bitcoin reserve laws. While Texas has made provisions to purchase BTC, the other two states have not yet funded their reserves. The U.S. House has also directed the Treasury Department to study the governance and feasibility of a strategic bitcoin reserve. The trend of sovereign bitcoin adoption is gaining momentum in 2025, with various U.S. states and countries considering BTC reserves for public finance strategies. Institutional interest in bitcoin continues to rise, contributing to a 25% increase in its market value this year, reaching a peak near $124,500 in August, despite ongoing concerns regarding its price volatility.

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