North Carolina Introduces Bill Allowing Up to 10% of Public Funds in Bitcoin
North Carolina’s Strategic Bitcoin Reserve bill, S327, passed its first reading on March 19 after roughly a year of committee review, extending the state-level push to formalize public Bitcoin investment frameworks.
North Carolina formally introduced Strategic Bitcoin Reserve bill S327 on March 18, 2025, and the measure passed its first reading on March 19 after about 12 months of committee review. The existing proposal would allow the state treasurer to allocate up to 10% of public funds to Bitcoin, while previously reported details also include regulated staking and lending, multisignature cold wallet custody, monthly audits, and the creation of an Economic Advisory Board. The new update identifies the bill number and legislative timeline. It also states that if three similar state bills pass, combined state Bitcoin holdings could reach $2 billion by 2027.
- Bitcoin Reserve bill: A legislative proposal to authorize a government entity to hold Bitcoin as part of treasury or reserve assets under defined rules.
- Multisignature cold wallet custody: An offline crypto storage setup that requires multiple approvals or keys to move funds, helping strengthen asset security.
- Staking: A blockchain process in which eligible assets are committed to support network operations and can generate rewards.