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
2/13/2025Bill: HB 4087Read More →
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
1/15/2025
NOT PROPOSED
No proposed legislation
Rainy day fund data source: National Association of State Budget Officers