Michigan
Bitcoin States
Michigan made Bitcoin history in 2024 when the State of Michigan Retirement System became the second US state pension fund to invest in spot Bitcoin ETFs, disclosing approximately $10.7 million in ARK 21Shares Bitcoin ETF holdings. The state legislature subsequently advanced House Bill 4087, a Bitcoin strategic reserve bill, further cementing Michigan's position among the most Bitcoin-forward states in the Midwest.
Details
- State
- Michigan
- Region
- Midwest
- Status
- pension_btc_etf
- Known For
- 2nd state pension fund to buy Bitcoin ETFs (SMRS, $10.7M ARK 21Shares, 2024); HB 4087 strategic reserve bill advanced
- Income Tax
- Yes
- Legislation
- HB 4087 (pending), SMRS Bitcoin ETF investment 2024
- Abbreviation
- MI
- Notable Legislation
- SMRS Bitcoin ETF purchase 2024; HB 4087 Bitcoin reserve bill (advanced committee)
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- medium
More Bitcoin States
Arizona
Signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized assets. Does not authorize active purchases but establishes a framework for state Bitcoin holdings.
New Hampshire
Signed HB 302 into law allowing the state treasurer to invest in digital assets including Bitcoin. Known for its 'Live Free or Die' motto and libertarian leanings that align with Bitcoin values.
Texas
One of the most Bitcoin-friendly states. Passed strategic Bitcoin reserve legislation and purchased ~$5M in BlackRock Bitcoin ETF (Nov 2025). Home to major mining operations and a supportive regulatory environment.
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