The U.S. state of Michigan has advanced with the Michigan Bitcoin Reserve bill, HB 4087, after months of delay. The bill will move forward for a second reading to the Committee on Government Operations for review. It aims to allow the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds into cryptocurrency investments.
House Bill, HB 4087, sponsored by Republicans Bryan Posthumus and Ron Robinson, was first introduced in February 2025. The bill also provides for lending the cryptocurrency to yield further returns, provided there is no increase in financial risk to the state. The measure requires the state to directly hold cryptocurrency through secure custody solutions or exchange-traded products (ETPs).
Following other US states in Bitcoin Reserve
The sponsor lawmakers to HB 4087 said that similar measures have already been enacted in states like Texas, New Hampshire, and Arizona, where laws establishing state-level Bitcoin reserves are in place. In May 2025, New Hampshire made history by becoming the first U.S. state to pass a Bitcoin Reserve Bill into law.
Arizona’s House of Representatives passed the HB2324 bill in June, which would allow the state to create a special reserve for Bitcoin and other cryptocurrencies that are taken from criminals during investigations. Following them was the state of Texas, which not only created a Bitcoin reserve but also allocated ten million to fund the project.
Most states are in the same boat.
Currently, over 26 U.S. states have stat-backed Bitcoin Reserve bills in progress, and about 47 states have proposed or considered legislation pertaining to Bitcoin reserves. Majority of these proposals follow the U.S. President Donald Trump’s executive order, signed in March, to establish a national Bitcoin reserve, where Bitcoin will be held as a store of value.
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