While other states have been tiptoeing around cryptocurrency adoption, North Carolina just kicked down the door. The state Senate passed the “NC Bitcoin Reserve and Investment Act” on May 1, 2025, at 10:15 AM UTC, becoming the first U.S. state Senate to approve legislation specifically for a Strategic Bitcoin Reserve. Talk about making history.
The bill, introduced by Senators Johnson and Overcash, gives the State Treasurer permission to park up to 10% of public funds in Bitcoin. Not Dogecoin, not Ethereum—just Bitcoin. At current prices, that’s a potential 39,980 BTC at $100,000 per coin. The market noticed. Bitcoin’s price jumped 4.2% within hours, hitting $60,765 by 12:15 PM UTC. This groundbreaking initiative supports North Carolina’s commitment to economic stability through cryptocurrency. Looks like Wall Street isn’t the only one with diamond hands anymore. The initiative aims to protect state assets against inflation and devaluation through Bitcoin’s fixed supply mechanism.
North Carolina’s bold Bitcoin move could add nearly 40,000 BTC to state coffers, sending crypto markets soaring within hours.
But hold your horses—this isn’t a done deal yet. The bill still needs to clear the House of Representatives and get the Governor’s signature. Meanwhile, a companion piece, House Bill 92, is making its own way through the legislature. Representatives Ross, Brody, Schietzelt, and D. Hall are backing that one, focusing on broader digital asset investments and regulatory frameworks. The state’s custody solution will implement blockchain technology to ensure transparent transaction tracking.
North Carolina’s move stands in stark contrast to other states’ cautious approaches. While some states are still debating whether to accept crypto for parking tickets, North Carolina’s planning to stack sats with public funds. The proposed framework includes digital wallet protocols and custody management—basically, the whole nine yards of institutional Bitcoin adoption.
The implications are massive. This isn’t just about making headlines; it’s about positioning North Carolina as a crypto powerhouse. Other states have focused on creating business-friendly environments for crypto companies, but North Carolina’s taking it a step further. They’re putting their money where their mouth is. Literally.
Time will tell if this bold strategy pays off, but one thing’s certain: North Carolina just changed the game for state-level cryptocurrency adoption. The old playbook for public fund management? Consider it obsolete.
