Michigan Advances Bitcoin Reserve Bill
Michigan has moved forward with House Bill 4087 (HB 4087) after months of delay. The bill will now go for a second reading before the Committee on Government Operations. It proposes allowing the state treasurer to invest up to 10% of Michigan’s general and stabilization funds in cryptocurrencies.
HB 4087 was introduced in February 2025 by Republican lawmakers Bryan Posthumus and Ron Robinson. The bill also permits lending cryptocurrency to generate additional returns, as long as it does not increase financial risk to the state. It requires the state to hold cryptocurrency directly through secure custody or exchange-traded products (ETPs).
Other States with Bitcoin Reserve Laws
Lawmakers sponsoring HB 4087 noted that similar laws exist in Texas, New Hampshire, and Arizona. In May 2025, New Hampshire became the first U.S. state to pass a Bitcoin Reserve Bill into law.
Arizona’s House passed HB2324 in June 2025. This bill allows the state to create a special reserve of Bitcoin and other cryptocurrencies seized during criminal investigations. Texas followed by creating a Bitcoin reserve and allocating $10 million to fund it.
Growing Interest in State Bitcoin Reserves
- More than 26 U.S. states have Bitcoin Reserve bills in progress.
- About 47 states have proposed or considered Bitcoin reserve legislation.
- Many proposals align with President Donald Trump’s March 2025 executive order.
- The order calls for a national Bitcoin reserve to hold Bitcoin as a store of value.
