Montana Strategic Bitcoin Reserve
Current status is REJECTED
HB 429 failed to pass, which would have allowed state investment in precious metals and digital assets
Using rainy day funds, Montana could purchase 5,200 BTC assuming a BTC price of $100,000
Timeline
REJECTED
HB 429 failed House second reading with a vote of 41-59
Key Details:
Failed House vote 41-59
Would have enabled Board of Investments to invest in digital assets
Would have included precious metals investment provisions
PROPOSED
Representative Curtis Schomer introduces HB 429 to provide account and transfer for Board of Investments to invest in precious metals and digital assets
Key Details:
Enables Board of Investments to invest in digital assets
Includes precious metals investment provisions
Establishes framework for custody and management
Creates new investment account structure
NOT PROPOSED
No proposed legislation
Rainy day fund data source: National Association of State Budget Officers