South Dakota Strategic Bitcoin Reserve

Current status is REJECTED

HB1202 to permit state Bitcoin investment failed in House Commerce and Energy Committee

Using rainy day funds, South Dakota could purchase 3,230 BTC assuming a BTC price of $100,000

Timeline
2/24/2025
REJECTED

HB1202 failed in House Commerce and Energy Committee hearing

Key Details:
  • Would have permitted state investment in Bitcoin

  • Failed in House Commerce and Energy Committee

  • Bipartisan group of 6 Republican sponsors

Bill: HB1202Read More →
2/3/2025
PROPOSED

HB1202 introduced to permit state investment in Bitcoin

Key Details:
  • Would permit state to invest in Bitcoin

  • Sponsored by Rep. Manhart and 5 other Republicans

  • Referred to House Commerce and Energy Committee

Bill: HB1202Read More →
1/28/2025
PROPOSED

Rep. Logan Manhart announces plans to introduce Strategic Bitcoin Reserve bill in South Dakota House

Read More →
1/15/2025
NOT PROPOSED

No proposed legislation

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