Maryland Strategic Bitcoin Reserve

Current status is PROPOSED

Strategic Bitcoin Reserve Act of Maryland (HB1389) introduced by Delegate Young

Using rainy day funds, Maryland could purchase 20,870 BTC assuming a BTC price of $100,000

Timeline
2/7/2025
PROPOSED

Strategic Bitcoin Reserve Act (HB1389) introduced and referred to Judiciary and Appropriations committees

Key Details:
  • Establishes Maryland Bitcoin Reserve Fund

  • Authorizes State Treasurer to invest gambling violation funds in Bitcoin

  • Effective date: October 1, 2025

Bill: HB1389Read More →
1/15/2025
NOT PROPOSED

No proposed legislation

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