Pennsylvania

Bitcoin States

Pennsylvania introduced the Bitcoin Strategic Reserve Act in 2024, proposing to allow the state treasurer to invest up to 10% of the state's general fund, rainy day fund, and state investment fund in Bitcoin. The bill passed committee review and gained significant bipartisan support. Pennsylvania is one of the most populous states to seriously advance a Bitcoin reserve bill through the legislative process.

Details

State: Pennsylvania
Region: Northeast
Status: in_committee
Governor: Josh Shapiro
Income Tax: Yes
Bill Number: SB 35
Description: Pennsylvania proposed SB 35 to allow state treasury to hold Bitcoin as a reserve asset.
Legislation: Bitcoin Strategic Reserve Act (2024)
Abbreviation: PA
Reserve Proposed: Yes
Bitcoin Mining Rights: No
Bitcoin Friendly Score: medium

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Arizona

Arizona signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized or forfeited assets, rather than purchasing it outright. This establishes a legal framework for Arizona to become a state Bitcoin holder through law enforcement activities. Arizona also considered more expansive Bitcoin reserve bills that would allow active treasury purchases, but these faced additional hurdles. Arizona's large retirement system (PSPRS) managing over $14 billion makes any state-level Bitcoin allocation strategically significant.

New Hampshire

New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.

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.