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Florida lawmakers proposed a state-managed bitcoin reserve
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The plan keeps bitcoin separate from pensions and public funds
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Only bitcoin qualifies under the bill’s strict criteria
Florida has become the latest U.S. state to explore holding bitcoin on its balance sheet, with lawmakers filing a proposal ahead of the 2026 legislative session.
The bill would create a Florida Strategic Cryptocurrency Reserve, overseen by the state’s chief financial officer. Instead of allowing bitcoin exposure across pensions or existing public funds, the proposal places bitcoin in a standalone reserve with its own custody, reporting rules, and advisory committee.
To limit risk, the bill only allows cryptocurrencies with an average market value of at least $500 billion over the past two years. At the moment, that requirement means bitcoin is the only eligible asset.
Florida has looked at similar ideas before, but earlier proposals stalled. This version takes a more cautious approach by isolating bitcoin from other state-managed funds.
The move puts Florida alongside a small but growing group of states turning bitcoin policy into action. Texas has already approved a bitcoin reserve and reportedly made an initial investment through a spot bitcoin ETF. Other states, like Arizona and New Hampshire, have adopted narrower rules that allow limited interaction with bitcoin rather than full reserves.
