Ohio Strategic Bitcoin Reserve
Current status is PROPOSED
Two Bitcoin Reserve bills introduced: SB57 (Ohio Bitcoin Reserve Act) and HB18 (Strategic Cryptocurrency Reserve Act)
Using rainy day funds, Ohio could purchase 39,110 BTC assuming a BTC price of $100,000
Timeline
PROPOSED
Senate Bill 57 (Ohio Bitcoin Reserve Act) introduced by Senator Sandra O'Brien, authorizing state investment in Bitcoin and requiring state entities to accept cryptocurrency payments
Key Details:
Authorizes direct Bitcoin investment by state funds
Requires state entities to accept cryptocurrency payments
Amends sections 9.16, 113.40, and 2981.12
Adds new sections 135.146 and 5703.83
PROPOSED
House Bill 18 (Ohio Strategic Cryptocurrency Reserve Act) introduced by Rep. Steve Demetriou. The bill would permit the Treasurer of State to invest certain interim funds in digital assets and address investments in exchange-traded products by state retirement systems.
Bill: HB 18Read More →PROPOSED
Ohio State Treasurer Robert Sprague announces exploration of Bitcoin reserve strategy, following Texas and Florida's lead. Initiative focuses on potential allocation from state's investment portfolio to establish a Bitcoin reserve.
Key Details:
State Treasurer leading initiative
Exploring allocation from state investment portfolio
Following Texas and Florida models
Part of broader state treasury modernization
Rainy day fund data source: National Association of State Budget Officers