 
 
Michigan has taken the next step to create a state-run Bitcoin reserve, with lawmakers advancing House Bill 4087 to the committee on Government Operations after seven months of inactivity.
Michigan’s Stalled Bitcoin Reserve Bill Advances After 7 Months
The Strategic Bitcoin Reserve bill, introduced by Republican Representatives Bryan Posthumus and Ron Robinson in February, represents one of the most ambitious state-level BTC adoption proposals to date.
If passed, the legislation would authorize the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds to Bitcoin and other cryptocurrencies.
On Thursday, the bill cleared procedural barriers and was added to the House of Representatives’ second reading calendar.
The bill specifies that the state of Michigan must hold the cryptocurrency via one of three ways: a secure custody solution, a qualified custodian such as a bank, trust company, or state-regulated company, or exchange-traded products from registered investment companies.
 
The legislation also includes a provision allowing the state treasurer to loan out cryptocurrencies without increasing financial risk, seeking to generate additional returns for the state.
Only Three US States Have Passed Bitcoin Reserve Law
The latest development represents Michigan’s latest attempt yet to join, New Hampshire, Arizona, and Texas — the only three states within the United States that have successfully passed strategic Bitcoin reserve laws.
Sovereign Bitcoin adoption has become one of the landmark trends of 2025, with multiple U.S. states and nations mulling or executing BTC reserves as part of their public finance strategy. Earlier this month, the U.S. House advanced an appropriations bill mandating the Treasury Department to examine the feasibility and governance of a Strategic Bitcoin Reserve, including important areas such as custody, cybersecurity, and accounting standards.
That’s in addition to the increasing corporate adoption of Bitcoin by publicly traded companies across the globe. The interest in the alpha crypto as an investment project grew especially after crypto-friendly President Donald Trump assumed office in January.
Source: https://zycrypto.com/michigan-advances-house-bill-to-invest-10-state-funds-in-bitcoin/