Tennessee

Bitcoin States

Tennessee passed the Strategic Bitcoin Reserve Act in 2025, authorizing the state treasurer to invest a portion of state funds in Bitcoin. The state has positioned itself as a Bitcoin-forward jurisdiction and is home to a growing Bitcoin mining industry powered by relatively low-cost energy. Tennessee joins a wave of US states actively building Bitcoin reserve positions.

Details

State: Tennessee
Region: South
Status: passed
Notable: Tennessee authorized up to 10% allocation to digital assets; one of the more generous reserve caps passed
Income Tax: No
Bill Number: HB 778 / SB 871
Description: Tennessee passed HB 778/SB 871 in 2025 allowing the state treasurer to invest up to 10% of certain funds in digital assets including Bitcoin.
Legislation: Strategic Bitcoin Reserve Act (2025)
Signed Date: 2025
Abbreviation: TN
Reserve Cap Pct: 10%
Bitcoin Mining Rights: Yes
Bitcoin Friendly Score: high

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More Bitcoin States

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.