North Carolina Takes a Significant Step Towards Bitcoin Adoption
North Carolina has taken a significant step towards institutional adoption of Bitcoin. On April 16, House Bill HB 92 — the “North Carolina Digital Asset Investment Act” — was approved by the House Pensions and Retirement Committee, allowing the state to direct up to 10% of its public funds into large-cap digital assets through spot ETFs.
The proposal applies to several state funds, such as the General Fund, the Highway Fund, and the Retirement System for Teachers and State Employees. According to the text of the bill, only assets with a market value greater than US$750 billion are included — which, at the moment, restricts the application exclusively to Bitcoin.
NORTH CAROLINA Update:
Bitcoin Reserve Bill HB 92 has PASSED the House Pensions and Retirement Committee.
It has to clear three more committees before a floor vote: Rules, Calendar, and Operations of the House.
— Bitcoin Laws (@Bitcoin_Laws)
April 16, 2025
The legislation is supported by four state representatives: Destin Hall, Mark Brody, Mike Schietzelt and Stephen Ross. To become law, the bill still needs to pass through three other committees and be approved by the full House.
This movement is part of a broader context in the United States. In 2025, several states are adopting similar legislation to allow public investment in cryptocurrencies, with a focus on Bitcoin as a store of value and hedge against inflation.
In Texas, the Senate has already authorized the creation of a “Strategic Bitcoin Reserve.” Alabama is considering investing up to 10% of public funds in high-cap cryptocurrencies, while Arizona is allowing the use of digital assets in pension fund and state treasury investments.
North Carolina is considering allocating between 5% and 10% of its funds, citing long-term economic stability. In Kentucky, citizens have won the right to own Bitcoin custody, and the state also offers incentives for mining activity.
Other states, such as Oklahoma and Utah, are moving forward with legislation that allows the state treasury to invest part of its resources in cryptocurrencies, as long as the assets have high liquidity and a consolidated market value.
At the federal level, a bill is being processed that aims to establish a Bitcoin Strategic Reserve for the US, with a focus on diversifying and securing national reserves.
This set of initiatives points to a consistent movement to insert Bitcoin into public investment policies in the United States.