North Carolina bill proposes Bitcoin reserve using up to 10% public funds, aiming long-term stability, secure storage, and state leadership in digital asset adoption.
North Carolina lawmakers introduced a new bill to create a state Bitcoin reserve. The proposal permits the state to invest some public funds in Bitcoin. Supporters say that the plan could help with long-term financial stability. The bill also shows increasing interest in digital assets from the U.S. states.
Senate Bill 327 Seeks Bitcoin Reserve for State Funds
The proposal is named the Senate Bill 327, also known as the Bitcoin Reserve and Investment Act. Lawmakers proposed the bill on March 18, 2025. The first reading of the Senate passed on March 19. After that, the bill was passed to the Rules and Operations Committee.
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The bill allows the Office of the State Treasurer to invest up to 10% of public funds into Bitcoin. These funds may be pension reserves as well as other state savings. Supporters say that Bitcoin could serve as a hedge against inflation and market instability.
Senators Johnson and Overcash sponsored the bill. They said that the reserve could help the state prepare for financial risks in the future. The proposal also seeks to make North Carolina a pioneer in the adoption of digital assets. Several other states are looking at similar plans.
Under the proposal, Bitcoin purchases need to adhere to strict rules. Purchasing of the state is only possible through approved and regulated platforms. Officials are also required to maintain full records of all transactions. These rules are intended to protect the public’s money.
The bill states that the reserve should be used to aid long-term financial planning. It cannot be spent on normal spending. Instead, the funds could be utilized in case of serious financial crises or as approved investment programs.
Security Rules Require Cold Storage and Multi-Signature Control
The proposal contains detailed rules on security and custody. All Bitcoin must be kept in cold wallets. These wallets remain offline to minimize the risk of hacking. In addition, the system must come with multi-signature protection for every transfer.
The bill also calls for a new custody division inside the Treasurer’s office. This group will be responsible for managing the reserve as well as keeping records. Monthly audits will be done to check the balance, safety, and performance of the holdings. These checks are done to ensure that the reserve remains transparent.
Lawmakers also desire the guidance of experts for the program. The bill calls for a Bitcoin Economic Advisory Board. This board will include industry specialists. Members will assist in designing investment strategy and risk controls.
Liquidation rules are also stringent under the proposal. The selling of Bitcoin will require approval of two-thirds in both chambers. This rule is to avoid sudden decisions in the event of a change in the market. Supporters say strong rules will safeguard the reserve.
More U.S. States Study Bitcoin Reserves Despite Volatility Concerns
North Carolina is not the only state to research digital asset reserves. Several states are conducting similar proposals. Supporters claim that Bitcoin could be used in the same way as gold in national reserves. They believe that it could preserve value in times of economic stress.
Despite the concerns, however, the interest in the Bitcoin reserves continues to grow. Governments are researching new ways to handle money. Digital assets are being incorporated into long-term financial plans.
The North Carolina bill is still in early days. Lawmakers will consider the proposal before the next vote. If approved, the plan could make the state one of the first to hold Bitcoin as a reserve asset.
