Oklahoma State Prepares to Buy Bitcoin with 10 Percent of Public Funds! Here Are the Details

Oklahoma is on track to become one of the first US states to invest public funds in Bitcoin (BTC) and other top digital assets.

Oklahoma Advances Bill to Invest Public Funds in Bitcoin and Top Digital Assets

A newly developed bill would allow the government to allocate up to 10% of public funds to cryptocurrencies, marking a significant shift in institutional adoption of digital assets.

Proposed legislation that cleared its final hurdle in the Oklahoma House of Representatives aims to diversify the state’s investment portfolio by integrating Bitcoin and certain cryptocurrencies.

Proponents argue that digital assets offer long-term growth potential and can act as a hedge against inflation.

If signed into law, Oklahoma would join a growing list of organizations and governments exploring Bitcoin as an investment vehicle.

The move follows growing interest from major financial players, with US spot Bitcoin ETFs attracting billions in inflows since their launch in January 2024.

But critics warn of the volatility and regulatory uncertainties surrounding crypto investments, and some lawmakers remain skeptical about tying public funds to an asset class known for sharp price swings.

The bill will now move to the state Senate for further debate and approval. If successful, Oklahoma could set a precedent for other U.S. states considering Bitcoin as part of their public investment strategies.

*This is not investment advice.