North Carolina lawmakers have introduced a bill that would authorize the state treasurer to invest in digital assets like Bitcoin (BTC), marking the state’s entry into a growing movement among U.S. states exploring crypto investments.
North Carolina Lawmakers Introduce Bill to Allow State Investments in Bitcoin
The bill, HB92, was introduced by House Speaker Destin Hall and co-sponsored by Representatives Stephen Ross, Mark Brody and Mike Schietzelt.
It aims to diversify North Carolina’s investment portfolio by allowing the Treasurer’s Office to allocate funds to certain digital assets, provided they meet strict market criteria.
Under the bill, only “exchange-traded products” with an average market value of at least $750 billion over the previous 12 months would be eligible for investment. Currently, Bitcoin is the only cryptocurrency that meets this requirement.
Additionally, the proposed legislation provides a controlled approach to crypto exposure by limiting digital asset investments to 10% of the state’s investment fund balance. Hall emphasized that investing in Bitcoin could be a strategic financial decision for the state.
“Investing in digital assets like Bitcoin not only has the potential to generate positive returns for our state investment fund, it also positions North Carolina as a leader in technology adoption and innovation,” Hall said in a statement.
He also emphasized the bill’s alignment with U.S. President Donald Trump’s vision of a “national Bitcoin stockpile,” saying North Carolina aims to lead at the state level.
North Carolina joins more than a dozen other U.S. states that are exploring bitcoin reserves for their state treasuries. Lawmakers in Texas, Pennsylvania, Ohio and Oklahoma have also introduced similar bills, reflecting growing institutional interest in bitcoin as a reserve asset.
*This is not investment advice.
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