Florida lawmakers renew push to launch State Bitcoin Reserve. On Tuesday, Florida lawmakers introduced another bill for the creation of a strategic Bitcoin reserve, less than a year after two attempts were shelved.

Florida legislators have renewed efforts to put Bitcoin on the state’s balance sheet by introducing fresh bills to create a Florida Strategic Cryptocurrency (Bitcoin) Reserve, following earlier Bitcoin-reserve proposals that failed to advance. The new measures would authorize the state to hold Bitcoin-like assets as a reserve-class investment under defined risk controls, but still face committee and floor hurdles before becoming law. For the 2026 legislative session, lawmakers filed House Bill 1039 and companion Senate Bill 1038 to establish a state-managed Florida Strategic Cryptocurrency Reserve/Fund, structured outside the main treasury and overseen by the state’s Chief Financial Officer or State Board of Administration. These bills would allow investment of public funds into digital assets that maintained an average market capitalization of at least $500 billion over the prior 24 months—a standard that currently only Bitcoin meets—turning the initiative into a de facto Bitcoin reserve. The framework includes audit requirements, reporting to the legislature, an advisory committee, and authorization to use derivatives and third-party managers, reflecting an attempt to address concerns about volatility and governance. This renewed push comes less than a year after earlier Florida efforts to establish a State Strategic Bitcoin Reserve or broader Bitcoin investment authority stalled. A 2025 bill (HB 487) sought to let the CFO invest certain public funds directly in Bitcoin and explicitly framed the idea as a hedge against inflation and a formal state Bitcoin reserve. Those earlier proposals did not become law, and the 2026 reserve bills ultimately died in committee and on the House calendar on March 13, 2026, leaving Florida without an operational Bitcoin reserve despite repeated attempts. The initiative is closely watched because, if enacted, it would make one of the largest U.S. states an early adopter of Bitcoin as a reserve-style asset for public funds, aligning with similar but more limited experiments in states like Texas and New Hampshire and signaling a broader policy debate over digital assets as macro-hedging tools.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Florida Lawmakers Propose State-Level Bitcoin Reserve with $500B ... (kucoin.com)
• Florida Revives Bitcoin Reserve Push With New 2026 Bill (bitcoinmagazine.com)
• HB 487 (2025) - Investments of Public Funds in Bitcoin (flhouse.gov)
• Florida lawmakers advance bills on cryptocurrency reserve ... (flvoicenews.com)
• House Bill 1039 (2026) - The Florida Senate (flsenate.gov)

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