Alabama Strategic Bitcoin Reserve
Current status is PROPOSED
State Auditor Andrew Sorrell advocates for establishing a strategic Bitcoin reserve, though no legislation has been proposed yet. Sorrell argues for gradual Bitcoin investment to diversify state holdings and attract crypto businesses.
Using rainy day funds, Alabama could purchase 31,490 BTC assuming a BTC price of $100,000
Timeline
12/14/2024
PROPOSED
State Auditor Andrew Sorrell advocates for Alabama to establish a strategic Bitcoin reserve, suggesting a dollar-cost-averaging approach over two years. He emphasizes the need to diversify state investments and position Alabama as a crypto-friendly state.
Read More →1/15/2024
NOT PROPOSED
No proposed legislation
Rainy day fund data source: National Association of State Budget Officers
