- States actively push ‘Strategic Bitcoin Reserve’ initiatives, led by Ohio’s groundbreaking legislation.
- Trump’s cryptocurrency working group signals federal interest amid growing state-level Bitcoin adoption.
Amid the growing buzz surrounding President Donald Trump’s proposal to establish a Strategic Bitcoin [BTC] Reserve for the United States, individual states appear to be aligning with the movement.
Another state joins the Bitcoin Reserve race?
The initiative has gained momentum, with Dennis Porter, co-founder of the Satoshi Action Fund (SAF), revealing on X (formerly Twitter) that a state legislator has privately expressed interest in supporting the reserve.
He said,
“A state lawmaker just hit me up in my DMs. Another State will be joining the ‘Strategic Bitcoin Reserve’ movement. The states will lead.”
In a separate tweet, he further added,
“I can confirm that at least 15 states will introduce ‘Strategic Bitcoin Reserve’ legislation. Maybe even 16. As a reminder, only 3 months ago this number was zero.”
Replying to Porter, a user noted,
“States embracing Bitcoin reserves show where the real innovation is happening—bottom-up leadership while the federal level drags its feet.”
This highlights the key role states are taking in driving this groundbreaking initiative forward.
Polymarket data and Ohio’s bold move
However, despite the growing enthusiasm, Polymarket data on the question, “Will Trump create a Bitcoin reserve in his first 100 days?” reveals only a 21% probability, reflecting skepticism among bettors.
However, Ohio has already taken decisive steps with a newly introduced bill to establish a ‘Strategic Bitcoin Reserve.’
Spearheaded by the Majority Whip and backed by six co-sponsors, the bill allows the state to allocate up to 10% of its general fund, budget stabilization fund, and prize trust fund into BTC.
It also incorporates stringent measures, such as requiring robust self-custody or qualified custodians for asset management.
Designed to minimize political opposition, the bill uses the term “digital asset” while maintaining a clear focus on Bitcoin by mandating a $750 billion market cap and a 12-month average threshold—criteria that currently only BTC meets.
This proactive approach aims to safeguard the state’s funds against inflation and ensure rapid adaptability in the evolving financial landscape.
Remarking on this, Billionaire and Bitcoin fan, Vivek Ramaswamy added,
Source: Vivek Ramaswamy/X
Trump’s commitment
This coincides with President Trump’s directive to establish a cryptocurrency working group and underscores a strong commitment to reshaping national crypto policies, including the exploration of a cryptocurrency stockpile.
While Polymarket data casts doubt on immediate developments, the growing interest from states like Wyoming and Massachusetts, alongside Switzerland‘s consideration of BTC for its reserves, signals a broader shift in attitudes.
Recent legislative efforts in Texas and Oklahoma further indicate that the idea of a Bitcoin Reserve is no longer just theoretical—it’s gaining traction.
Though uncertainties remain, these developments hint at a new era for Bitcoin’s role in financial systems, where its adoption as a strategic reserve asset could become a tangible reality.
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