Coinspeaker
Sep 19, 2025
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Michigan Advances Bill for 10% Cryptocurrency Reserve in State Funds

Michigan's Cryptocurrency Reserve Bill:

  • Michigan's House Bill 4087 proposes a 10% cryptocurrency reserve.
  • The bill aims to stabilize revenue and employment during economic downturns.
  • Initially dormant, the bill moved forward for consideration on September 18, 2025.
  • Next steps are pending as the committee is on recess until September 24.

National Trend in Cryptocurrency Reserves:

  • Michigan joins states like Arizona, New Hampshire, and Texas in considering crypto reserves.
  • Nearly two dozen other states have similar bills under review.
  • Michigan recently increased its Bitcoin ETF holdings from 100,000 to 300,000 shares.

Bitcoin Holdings Overview:

  • Global government Bitcoin holdings: approximately 463,000-527,000 BTC.
  • This represents about 2.5% of the total circulating supply.
  • The US holds around 200,000 BTC, primarily seized assets.