Utah Strategic Bitcoin Reserve

Current status is IN PROGRESS

House Bill 230 passes House vote 38-34, moves to Senate for consideration

Using rainy day funds, Utah could purchase 11,870 BTC assuming a BTC price of $100,000

Timeline
2/6/2025
IN PROGRESS

HB230 passes House with 38-34 vote, becoming first Strategic Bitcoin Reserve bill to clear a full chamber vote

Key Details:

  • Passed House 38-34 with 3 not voting

  • Allows up to 5% of designated funds in qualifying digital assets

  • Requires $500B+ market cap or approved stablecoins

  • Mandates qualified custodians for custody

  • Moves to Senate for consideration

Bill: HB0230Read More →
1/28/2025
IN PROGRESS

HB230 passes committee with super majority vote, becoming the second state to advance a Strategic Bitcoin Reserve bill past committee

Bill: HB0230Read More →
1/20/2025
PROPOSED

House Bill 230 'Blockchain and Digital Innovation Amendments' introduced to establish framework for state digital asset investments and blockchain innovation

Bill: HB0230Read More →

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

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