Michigan is moving closer to becoming the first U.S. state with a Bitcoin treasury. The state’s House of Representatives has advanced HB 4087, known as the Strategic Bitcoin Reserve bill, to its second reading.
Spearheaded by Representative Bryan Posthumus, the legislation proposes allocating up to 1% of Michigan’s investment portfolio into Bitcoin. Advocates say the move could serve as a hedge against inflation while diversifying the state’s financial assets. If enacted, the initiative would make Michigan the pioneer among U.S. states to formally hold Bitcoin reserves.
Currently, no statements have been made by state executives or departments regarding the proposal’s future. The bill’s progress reflects growing momentum around institutional Bitcoin adoption and could influence legislative debates in other states.
Importantly, the bill does not mention Ethereum or other cryptocurrencies, keeping its focus solely on Bitcoin. Its outcome may set a precedent for state-driven strategies in integrating digital assets into public finance.
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