Florida BTC ‘Digital Gold’ Reserve Bill Seeks to Allocate Up to 10% of State Funds
Florida lawmakers have measures HB 183 and SB 1038 to create a Strategic BTC Reserve. This would allow up to 10% of certain public funds to be invested in BTC and other comparable assets.
Representatives Webster Barnaby and Joe Gruters are behind the initiatives, which aim to invest in BTC, SEC-registered , and tokenised assets through the General Revenue Fund, Budget Stabilisation Fund, and Florida Retirement System Trust Fund.
The structure is based on a government executive order from March 2025 that created a U.S. Strategic BTC Reserve from assets that were lost.
Jimmy Patronis, the State Chief Financial Officer, supports the plan. He has called BTC in public speeches and said that limited exposure makes portfolios more diverse during periods of inflation.
The CFO would hold assets directly through registered custodians or through regulated products like ETFs. The bills also allow people in Florida to pay certain state taxes and levies with digital assets, which are instantly converted to U.S. dollars upon receipt.
Reduced The Range of Previous Proposals
These improve on earlier 2025 drafts that sought to include a wider range of digital assets, such as NFTs, but were put on hold due to concerns about scope and risk.
The new versions focus only on BTC-related holdings and exclude unstable options to prioritize stability and compliance with the rules. If passed, the reserve would be overviewn by the CFO and the State Board of Administration, effective July 1, 2026.
Florida is behind states like Arizona, Texas, and , which set up similar reserves in 2025. Supporters say that BTC’s limited supply and ability to act as a hedge make it a excellent choice for long-term public finance. This could lead to additional jurisdictions adopting it.
The law requires structured custody and the prompt conversion of tax payments into cash, striking a balance between innovation and fiscal responsibility.
Adoption on The State Level is Picking up Speed
Patronis talked about how BTC is used in modernand said that “a small amount of exposure could assist diversify the state’s investment portfolio.” This effort shows that Republicans are excited about cryptocurrencies as a reserve asset, not as a way to trade.
Florida’s proposals might spark a movement across the country as more public funds consider digital assets. This will depend on debates and approvals in the 2026 session.
Legislative coverage doesn’t include any quotations from outside analysts other than Patronis, although state records show that the laws are in line with federal precedent. Outcomes may affect how is integrated into U.S. public finance, comparing the benefits of diversification against the hazards of volatility.
