{"id":629680,"date":"2025-02-24T08:43:55","date_gmt":"2025-02-24T08:43:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=629680"},"modified":"2025-02-24T08:43:55","modified_gmt":"2025-02-24T08:43:55","slug":"montana-rejects-strategic-bitcoin-reserve-over-speculation-with-taxpayer-funds-as-michael-saylor-signals-more-btc-buys","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/montana-rejects-strategic-bitcoin-reserve-over-speculation-with-taxpayer-funds-as-michael-saylor-signals-more-btc-buys","title":{"rendered":"Montana Rejects Strategic Bitcoin Reserve Over Speculation With Taxpayer Funds As Michael Saylor Signals More BTC Buys"},"content":{"rendered":"<p>Montana lawmakers rejected a proposal to create a strategic Bitcoin reserve, warning that it would expose taxpayer money to excessive speculation.<\/p>\n<p>The bill was <a href=\"https:\/\/legiscan.com\/MT\/votes\/HB429\/2025\">voted down 41-59<\/a> with opposition even from many Republicans.<\/p>\n<p>&ldquo;It&rsquo;s still taxpayer money, and we&rsquo;re responsible for it, and we need to protect it,&rdquo; Montana Representative Steven Kelly said during the state&rsquo;s Feb. 22 House Floor session.<\/p>\n<h2>Montana Joins Three Other States In Rejecting A Strategic Bitcoin Reserve<\/h2>\n<p>Montana joins North Dakota, Pennsylvania and Wyoming among states that have <a href=\"https:\/\/bitcoinreservemonitor.com\/\">knocked back proposals<\/a> for a strategic Bitcoin Reserve.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; MONTANA Update:<\/p>\n<p>Bitcoin Reserve bill HB 429 failed to pass a second reading in the Montana House. It is now effectively dead.<\/p>\n<p>The vote was 41 &ndash; 59. It was largely partisan, but many Republicans voted against the bill.<\/p>\n<p>ANALYSIS:<\/p>\n<p>HB 429 failed in the House, largely due to&hellip; <a href=\"https:\/\/t.co\/AJK8sPrf1N\">pic.twitter.com\/AJK8sPrf1N<\/a><\/p>\n<p>&mdash; Bitcoin Laws (@Bitcoin_Laws) <a href=\"https:\/\/twitter.com\/Bitcoin_Laws\/status\/1893399549454229690?ref_src=twsrc%5Etfw\">February 22, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">Saylor Hints At More Bitcoin Buying<\/span><\/h2>\n<p>Meanwhile, Strategy co-founder Michael Saylor appears to be gearing up for more Bitcoin purchases.<\/p>\n<p>In a <a href=\"https:\/\/x.com\/saylor\/status\/1893660529131974865\">Feb. 23 post on X<\/a>, Saylor shared a snapshot of the SaylorTracker chart, a move that has often preceded Strategy, previously known as MicroStrategy, disclosing new BTC buys.<\/p>\n<p><span style=\"font-weight: 400;\">Data from <\/span><a href=\"https:\/\/saylortracker.com\/\"><span style=\"font-weight: 400;\">SaylorTracker<\/span><\/a><span style=\"font-weight: 400;\"> shows that the company&rsquo;s <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/standard-chartered-says-bitcoin-at-500k-still-achievable-as-btc-bull-token-roars-past-2-5m-in-presale\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> holdings currently stand at 478,740 BTC worth almost $46 billion.&nbsp;<\/span><\/p>\n<p>The firm, the largest corporate Bitcoin holder, last acquired 7,633 BTC on Feb. 10 for $742 million.<\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.michael.com\/_next\/image?url=https%3A%2F%2Fimages.contentstack.io%2Fv3%2Fassets%2Fbltdef7a3f3c28ddd84%2Fbltb0702254d7282e35%2F65dd04abd85aff773f47b745%2Fmjs-headshot_9.jpg&amp;w=3840&amp;q=100\" alt=\"Michael Saylor\" width=\"1200\" height=\"675\"><\/p>\n<p><span style=\"font-weight: 400;\">Saylor&rsquo;s post comes after he <\/span><a href=\"https:\/\/x.com\/matt_utxo\/status\/1870245272380461534\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> in Dec. 21, 2024, that he would like to build more &ldquo;intelligent&rdquo; Bitcoin leverage for Strategy in the first quarter of 2025.&nbsp;<\/span><\/p>\n<h2>As Montana Rejects A Strategic Bitcoin Reserve, Smaller Investors Pile Into BTC Bull Token<\/h2>\n<p><span style=\"font-weight: 400;\">While Montana lawmakers rejected state funds being invested in BTC, smaller investors are following Strategy&rsquo;s lead by by increasing their <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/strategy-founder-michael-saylor-urges-us-to-buy-20-of-bitcoin-supply-worth-393-billion\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> exposure via the presale for <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\"><span style=\"font-weight: 400;\">BTC Bull Token (BTCBULL)<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project aims to support the leading crypto on its journey to $1 million and beyond by rewarding BTCBULL holders with BTC airdrops when Bitcoin reaches certain price milestones for the first time.&nbsp;<\/span><\/p>\n<p>It&rsquo;s raised more than $2.7 million in less than two weeks.<\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pump-fun-volume-plummets-43-after-libra-rug-pull-as-first-solana-layer-2-solaxy-closes-on-23m-in-presale\"><span style=\"font-weight: 400;\">Pump.fun Volume Plummets 43% After $LIBRA Rug Pull<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitwise-cio-backs-index-based-approach-for-crypto-etfs-is-a-meme-index-etf-incoming\"><span style=\"font-weight: 400;\">Bitwise CIO Backs &rdquo;Index-Based Approach&rdquo; For Crypto ETFs<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/trump-declares-an-end-to-bidens-crypto-policies-vows-u-s-leadership-in-bitcoin\"><span style=\"font-weight: 400;\">Trump Declares an End to Biden&rsquo;s Crypto Policies<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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The bill was voted <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":629681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-629680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montana Rejects Strategic Bitcoin Reserve Bill<\/title>\n<meta name=\"description\" content=\"Montana lawmakers rejected a bill proposing a strategic Bitcoin reserve even as Michael Saylor hinted at more BTC buying.\" \/>\n<meta name=\"robots\" content=\"index, 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