Florida Lawmakers Revisit State-Run Bitcoin Reserve Plan

Florida lawmakers are considering the creation of a state-managed cryptocurrency reserve again. A new proposal, House Bill 1039, has been filed for the 2026 legislative session. It is worth noting that there is a growing interest in incorporating digital assets into the state’s financial plans. 

Florida to Include Cryptocurrency in its Financial Reserves

If House Bill 1039 passes, Florida would be able to invest in cryptocurrencies with clear risk controls. Supporters believe that investing wisely in cryptocurrency can help protect against inflation, especially given the rising concerns about the long-term stability of fiat currencies. 

A key part of the bill is to set up a Strategic Cryptocurrency Reserve Fund. This fund would operate separately from the state treasury. Notably, the fund would operate independently, following specific investment and risk-management guidelines.

The bill also reveals that Florida’s Chief Financial Officer (CFO) will manage cryptocurrency investments. This will provide centralized oversight, professional management, and accountability, while addressing concerns that have held back similar proposals. 

Undoubtedly, Florida’s renewed interest reflects a broader trend in the U.S., where states are exploring digital assets legislation. Although the proposal is still in its early stages, it represents an important step forward. If enacted, Florida would be one of the few U.S. states to include cryptocurrencies in its financial reserves. 

Florida Considers Bitcoin for State Pension Investments

Recall that Florida’s CFO once urged the agency overseeing the state’s retirement funds to explore Bitcoin investments. The executive director of the Florida State Board of Administration suggested that Bitcoin’s reputation as “digital gold” could offer a strategic hedge against the volatility of traditional asset classes.

While some states remain cautious, Florida’s consideration reflects a shift among U.S. public funds looking at cryptocurrency for growth and diversification. Furthermore, Florida’s pivot towards Bitcoin investments signals its openness to innovation within traditional financial frameworks.

Crypto-Fueled Treasuries Are on the Rise

Momentum is building among U.S. states that are aiming to enshrine Bitcoin as their financial strategy. In June 2025, Texas Governor Greg Abbott signed Senate Bill 21, officially creating the Texas Strategic Bitcoin Reserve. The fund will hold Bitcoin as a long-term financial asset for the state. Interestingly, this move makes Texas the first U.S. state to commit public funds to a dedicated Bitcoin treasury.

The reserve will operate independently of the state’s general treasury system and is designed to bolster Texas’s financial resilience. As reported by TheCoinRise, it will also serve as a hedge against inflation.

With this legislative framework in place, Texas joins Arizona and New Hampshire as one of only three U.S. states to establish a Bitcoin reserve law. However, Texas is the first to go a step further by allocating public funds and building a separate infrastructure for managing its holdings.