North Carolina Eyes Bitcoin Reserves with New Bill
North Carolina’s SB327 could let the State invest 10% of its $9.5B fund in Bitcoin reserves.
- SB327 allows up to 10% of public funds in Bitcoin.
- North Carolina has $9.5B in its general fund.
- Two Bitcoin reserve bills await House and Senate approval.
North Carolina is making headlines in the crypto world as it considers a bold move to include Bitcoin in its public investment strategy. Senate Bill 327 (SB327), known as the “Bitcoin Reserve Bill,” proposes to allow the State Treasurer to allocate up to 10% of the state’s public funds into Bitcoin. With a general fund totaling $9.5 billion, this would equate to a potential $950 million investment into the world’s leading cryptocurrency.
The bill reflects growing interest among U.S. states in diversifying public funds with digital assets. North Carolina’s initiative is part of a broader trend of Bitcoin adoption as a hedge against inflation and as a strategic reserve asset. Proponents argue that Bitcoin’s limited supply and decentralized nature make it a valuable store of value in uncertain economic times.
Two Bills, One Goal: Crypto Reserves
Currently, two Bitcoin reserve bills are under review in the North Carolina legislature—one in the House and the other in the Senate. While SB327 is gaining attention, its counterpart in the House mirrors its intent, signaling strong bipartisan interest in the initiative.
If passed, North Carolina would join a small but growing number of U.S. states exploring Bitcoin reserves. It also sets the stage for further dialogue about cryptocurrency’s role in public finance. The move could prompt other states to consider similar legislation, potentially accelerating institutional adoption of Bitcoin.
