Michigan Strategic Bitcoin Reserve

Current status is PROPOSED

HB 4087 introduced to establish Strategic Bitcoin Reserve

Using rainy day funds, Michigan could purchase 21,550 BTC assuming a BTC price of $100,000

Timeline
2/13/2025
PROPOSED

Representatives Bryan Posthumus and Ron Robinson introduce HB 4087 to establish a Strategic Bitcoin Reserve within the state treasury

Key Details:
  • Establishes Strategic Bitcoin Reserve in state treasury

  • Amends section 351 of 1984 PA 431

  • Creates framework for state Bitcoin investments

  • Provides for secure custody solutions

Bill: HB 4087Read More →
1/15/2025
NOT PROPOSED

No proposed legislation

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