North Carolina Lawmakers Propose State Bitcoin Reserve

North Carolina lawmakers introduced Senate Bill 327, the *North Carolina Bitcoin Reserve and Investment Act*, which would permit the State Treasurer to invest up to 10% of public funds in Bitcoin (BTC) as part of a long-term financial strategy. The bill aims to establish a Strategic Bitcoin Reserve, promote BTC innovation, and position North Carolina as a leader in crypto adoption. The reserve would be managed with cold storage and multi-signature authentication, overseen by a new department and a Bitcoin Economic Advisory Board. BTC acquisitions would occur through U.S. exchanges, and the Treasurer could explore Bitcoin mining. Funds would be used for financial crises, infrastructure, and Bitcoin-related initiatives, requiring a two-thirds majority vote for liquidation. Several other U.S. states are also exploring or have implemented similar Bitcoin reserves, reflecting a growing trend to diversify state financial assets and utilize BTC as a potential store of value.

(Source：Bitcoin Magazine)