California Strategic Bitcoin Reserve

Current status is NOT PROPOSED

Early discussions but no proposed legislation

Using rainy day funds, California could purchase 221,960 BTC assuming a BTC price of $100,000

Timeline
1/19/2025
NOT PROPOSED

Early discussions between Assembly member Vince Fong and Proof of Workforce about potential Bitcoin adoption strategies, but no formal legislation proposed

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1/15/2025
NOT PROPOSED

No proposed legislation

Rainy day fund data source: National Association of State Budget Officers