Florida bill proposes creating a state-run strategic crypto reserve that would primarily hold Bitcoin, potentially making it a formal part of Florida’s financial assets by mid-2026.

"The bill grants Florida's CFO authority to sell holdings, fund administrative expenses, and engage third-party custodians and liquidity providers. It also allows the use of derivatives when considered beneficial to the reserve. The reserve would be financed through legislative appropriations, investment earnings, and crypto acquisitions, including assets received through forks or airdrops. Under the proposed legislation, only crypto assets with an average market capitalization of at least $500 billion over the prior 24 months would be eligible. Based on current market values, Bitcoin, with a market capitalization of roughly $1.8 trillion, would qualify. Ethereum, currently valued at around $370 billion, could become eligible in the future if its market capitalization rises and is sustained over time."

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More coverage

• Florida Revives Bitcoin Reserve Push With New 2026 Bill (bitcoinmagazine.com)
• [PDF] Bill Analysis and Fiscal impact statement - Florida Senate (flsenate.gov)
• HB 487 (2025) - Investments of Public Funds in Bitcoin (flhouse.gov)
• Establishment of the Strategic Bitcoin Reserve and United States ... (whitehouse.gov)
• Joe Gruters pitches cryptocurrency reserve as long-term state ... (floridapolitics.com)

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