North Carolina Joins Strategic Bitcoin Reserve Bandwagon

North Carolina Joins Strategic Bitcoin Reserve Bandwagon With New Bill Proposal

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Updated: 11 February 2025

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North Carolina proposed legislation to invest public funds in digital assets, effectively joining the movement to create a strategic Bitcoin reserve.

One of the requirements of the “NC Digital Investments Act” (HB 92), which was introduced yesterday, is that the digital assets must have an exchange-traded product (ETP).

Another requirement is that the cryptos must have an average market cap of at least $750 billion over the last 12 months. This means that only BTC ETPs (exchange-traded products) are currently eligible.

New Bill Aligns With Trump’s Vision For A National Bitcoin Stockpile

According to House Speaker Destin Hall, who sponsored the proposed bill, investing in digital assets such as Bitcoin will both “generate positive yields” for the state of North Carolina while also positioning the state as “a leader in technological adoption and innovation.”

Today, I filed HB 92, The North Carolina Digital Assets Investments Act, to authorize the NC State Treasurer to invest in qualifying digital assets like #Bitcoin—aligning with President Trump’s vision for a national Bitcoin stockpile and ensuring North Carolina leads at the state… pic.twitter.com/XNiir49e4U

— Speaker Destin Hall (@ncspeakerhall) February 10, 2025

In a Feb. 10 X post, he added that the bill aligns with US President Donald Trump’s vision for a national Bitcoin stockpile. The proposed legislation would also ensure North Carolina leads the initiative at the state level, according to the House speaker.

Legislators Say There Are Several Reasons To Invest In Cryptos

Legislators and bill sponsors have recently said that there are several reasons to invest in digital assets. Some of the main reasons mentioned were the risks of inflation and dollar depreciation, as well as the potential returns from state funds.

“Blockchain technology, decentralized finance, and other innovations in the crypto space will shape our future in many new ways,” said HB 92 co-sponsor Mike Schietzelt, adding that the new bill will allow North Carolina to capitalize on the emerging opportunities presented by crypto assets.

There’s A Way To Earn Free Bitcoin

As Bitcoin’s mainstream adoption gathers momentum via strategic Bitcoin reserves across US states, there are new ways emerging for small investors to get on the Bitcoin bandwagon.

One of them is a via new meme coin called BTC Bull (BTCBULL), the first meme coin that rewards holders with real BTC airdrops. Each airdrop is triggered when the leading crypto hits $150k and $200k.

The bull is unleashed. 🐂⚔

$BTCBULL is live. No brakes, no limits.

Join the herd: https://t.co/N1kqrY0bow pic.twitter.com/0HiOGFLdxF

— BTCBULL_TOKEN (@BTCBULL_TOKEN) February 10, 2025

That means that by just holding BTCBULL, investors can receive free BTC. With multiple US states moving to set up a strategic Bitcoin reserve and Donald Trump’s plan to make the US the crypto capital of the world, the outlook for the Bitcoin price has rarely been rosier.