Everything you wanted to know about Bitcoin Strategic Reserve

[SuperBitMan]

🇺🇸 State Reserve Race Update:

New Hampshire Bitcoin Reserve Bill HB 302 has passed the Senate Ways & Means Committee, with a 4-1 vote.

It now proceeds to Third Reading and final floor vote.
here

Good one, each time I see stories like this I'm always happy however I will be more happy if I start seeing approved and has started accumulation I know very soon that is the story we all will be hearing.
Bitcoin investment is a very good investment, now that states are now planning on having a Bitcoin reserve if that is all accomplished Bitcoin will have more bigger growth because I believe the more Bitcoin is accumulated and held for years the more valuable Bitcoin will become.
A time will come when bitcoin will be aggressively accumulated by states and individual and there will be no more to accumulate because everyone his holding unto there bitcoin.
More state will have a Bitcoin reserve.

[Mocha Gilmore]

🇺🇸 State Reserve Race Update:

New Hampshire Bitcoin Reserve Bill HB 302 has passed the Senate Ways & Means Committee, with a 4-1 vote.

It now proceeds to Third Reading and final floor vote.
here

https://www.talkimg.com/images/2025/05/02/U2gKzm.jpeghttps://www.talkimg.com/images/2025/05/02/U2gbcW.jpeg

Good one, each time I see stories like this I'm always happy however I will be more happy if I start seeing approved and has started accumulation I know very soon that is the story we all will be hearing.
Bitcoin investment is a very good investment, now that states are now planning on having a Bitcoin reserve if that is all accomplished Bitcoin will have more bigger growth because I believe the more Bitcoin is accumulated and held for years the more valuable Bitcoin will become.
A time will come when bitcoin will be aggressively accumulated by states and individual and there will be no more to accumulate because everyone his holding unto there bitcoin.
More state will have a Bitcoin reserve.

Sir I think this isn't a story,this is a reality and I'm also satisfy with how far Hampshire has come and the energy the legislative bodies have sprung in bringing this bill closer to approval. However the accumulation process can only take place after the house has given approval and currently what is expected is a unanimously votes  from majority of the house members,moreover our concerns is a better cooperations between the legislative and executive bodies in bringing this bill to reality.My hope in Hampshire establishing a bitcoin reserved is strong, well.doesn't matter if they re going to be first state actualize it or not but most importantly is to get it enacted.

[fillippone]

New Hampshire is the State best known for being Bernie Sanders' home Senate district.
Well done, they are so advanced in adopting BSR when the Democrats' base is so strong in this state.
Bitcoin probably has little to do with Democrats vs. Republicans and is rather more of a demographic thing: young vs. old people.

[Cossyblack]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

This is the speech from Katie Hobbs herself and a possible reason she rejected the Bitcoin reserve bill.



The Good news  here is that the legislative houses have the exercising power to override Governor Katie Hobbs veto power in favour of the Bill, but it would require a two-thirds majority vote in both chambers of the state legislature . It is not certain yet if the state legislative chambers would want to do it but we can only hope they override her veto power by correcting her wrong decision in the favor of the state, otherwise there efforts in bringing the Bill to into law will be a waste of time and efforts.

[As-Soon-As]

JUST IN: 🇺🇸 Senator Cynthia Lummis says President Trump supports her Strategic Bitcoin Reserve bill to buy 1,000,000 BTC ..



Video and Source link: https://x.com/BitcoinMagazine/status/1918327582451437829?t=kYOiXHl2UMDTjBlCYDtQtg&s=19

Bitcoin Magazine has published this information and Cynthia Loomis has published it, but I used to believe that Donald Trump supported it in the past, but he could change his mind at any time after winning the election. However, it is possible to be reasonable in this case because since it has been broadcast through the media, Donald Trump can definitely support the decision to buy Bitcoin.
Since the United States has created a Bitcoin Federal Reserve and is looking for ways to purchase more Bitcoin, I think the current Bitcoin Reserve would definitely have a much higher chance of succeeding.

[laspol65]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

This is the speech from Katie Hobbs herself and a possible reason she rejected the Bitcoin reserve bill.



The Good news  here is that the legislative houses have the exercising power to override Governor Katie Hobbs veto power in favour of the Bill, but it would require a two-thirds majority vote in both chambers of the state legislature . It is not certain yet if the state legislative chambers would want to do it but we can only hope they override her veto power by correcting her wrong decision in the favor of the state, otherwise there efforts in bringing the Bill to into law will be a waste of time and efforts.

Maybe the current situation in the state of Arizona is in a financial crisis due to which the Bitcoin Reserve Bill was vetoed. However, it is likely to be re-launched very soon. Maybe this year's Arizona Reserve was suspended because this retirement fund was used to carry out investment activities here.
Since this Bitcoin Reserve Bill was created by vote, it is likely to be re-launched very soon. We will definitely get good news from Governor Katie Hobbs in a few days and they will launch the Bitcoin Reserve Fund again about Bitcoin.

[Cossyblack]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

This is the speech from Katie Hobbs herself and a possible reason she rejected the Bitcoin reserve bill.



The Good news  here is that the legislative houses have the exercising power to override Governor Katie Hobbs veto power in favour of the Bill, but it would require a two-thirds majority vote in both chambers of the state legislature . It is not certain yet if the state legislative chambers would want to do it but we can only hope they override her veto power by correcting her wrong decision in the favor of the state, otherwise there efforts in bringing the Bill to into law will be a waste of time and efforts.

Maybe the current situation in the state of Arizona is in a financial crisis due to which the Bitcoin Reserve Bill was vetoed. However, it is likely to be re-launched very soon. Maybe this year's Arizona Reserve was suspended because this retirement fund was used to carry out investment activities here.
Since this Bitcoin Reserve Bill was created by vote, it is likely to be re-launched very soon. We will definitely get good news from Governor Katie Hobbs in a few days and they will launch the Bitcoin Reserve Fund again about Bitcoin.

I don't think financial crisis was the reason but the true reasons the Arizona Governor Katie Hobbs vetoed the Bitcoin reserve bill,  is "citing concerns over the risks associated with investing public funds in "untested" assets like virtual Currency ".
The Governor reasons for Vetoed the Bill is just inconsiderate,not convincing enough and unimportant for not allowing the state to invest in an important assets like Bitcoin.

SENATOR WENDY ROGERS have given hope to the citizens of Arizona that she is going  to Refile the Arizona failed Bitcoin strategic Reserve Bill in the next legislative session
I think senator Wendy Rogers is making the right move with an aim to override the Vetoed power of the Governor,if she's convincing enough in the house,she might win third majority of the honourable house members to vote in the favor of the bill. This is just the right direction to go.

[fillippone]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

The official statement vetoing SB1025 declares the Bitcoin investment as “untested”.



Of course we know this is untrue, as there is a vast literature on the effect of adding Bitcoin to an investment portfolio.

The real reason, as you said, has probably more to do with local disputes with state politicians.

Probably SB1373 will be vetoed as well.

[ultrloa]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

The official statement vetoing SB1025 declares the Bitcoin investment as “untested”.



Of course we know this is untrue, as there is a vast literature on the effect of adding Bitcoin to an investment portfolio.

The real reason, as you said, has probably more to do with local disputes with state politicians.

Probably SB1373 will be vetoed as well.

After I read that he Introduced Kamala Harris before now I understand on why this situation happen. With his decision to Veto the Bitcoin reserve bill he receive so many criticism towards Bitcoin community and call her ignorant due to that decision he made https://cointelegraph.com/news/arizona-governor-katie-hobbs-veto-bitcoin-bill-bitcoiners-react

I do hope that there's no influence of politics occur here and her intention is really pure towards his reason on why he do those actions. Maybe legislators should file this law again and try their luck for second time around.

[o48o]

I don't think financial crisis was the reason but the true reasons the Arizona Governor Katie Hobbs vetoed the Bitcoin reserve bill,  is "citing concerns over the risks associated with investing public funds in "untested" assets like virtual Currency ".
The Governor reasons for Vetoed the Bill is just inconsiderate,not convincing enough and unimportant for not allowing the state to invest in an important assets like Bitcoin.

Obviously she needs to put some reason into it, and technically it's untested as a reserve in U.S.

Given what she said on that tweet, i can't see any reason why this wouldn't be just part of her rejected bills until republicans stop holding funding for disabled citizens.

I mean why should she bend over this? It's not like she is losing anything by doing it. It's more like leverage for negotiations, especially when we are talking about this kind of policy changing money, and when there are more pressing use for that money.

[Cossyblack]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

The official statement vetoing SB1025 declares the Bitcoin investment as “untested”.



Of course we know this is untrue, as there is a vast literature on the effect of adding Bitcoin to an investment portfolio.

The real reason, as you said, has probably more to do with local disputes with state politicians.

Probably SB1373 will be vetoed as well.

After I read that he Introduced Kamala Harris before now I understand on why this situation happen. With his decision to Veto the Bitcoin reserve bill he receive so many criticism towards Bitcoin community and call her ignorant due to that decision he made https://cointelegraph.com/news/arizona-governor-katie-hobbs-veto-bitcoin-bill-bitcoiners-react

I do hope that there's no influence of politics occur here and her intention is really pure towards his reason on why he do those actions. Maybe legislators should file this law again and try their luck for second time around.

I don't think she even knows what she doing. She might be Governor doesn't mean most of her decision is of true intents especially for the overall interest of her people. I agree with @sir filippone that the rejection of the bill might be politically Related. Katie Hobbs is a full flesh Democrats and the Bitcoin Bill is been frontier by a Republican Senator Wendy Rogers. I believe this is not the best way to play politics, Governor Katie Hobbs shouldn't play politics with the future of Arizona,let's her settle her political disputes with the Republican and shouldn't not drag the Bitcoin Bill into it.

While Katie Hobbs is busy playing politics with the future of Arizona,
Kyrgyz Republic formally KYRGYZSTAN is considering enacting a Strategic Bitcoin Reserve. It might be happening anytime soon, since the Binance founder Changpeng Zhao is the economic advisor for digital assets in the country.

[xSkylarx]

...

While Katie Hobbs is busy playing politics with the future of Arizona,
Kyrgyz Republic formally KYRGYZSTAN is considering enacting a Strategic Bitcoin Reserve. It might be happening anytime soon, since the Binance founder Changpeng Zhao is the economic advisor for digital assets in the country.

Let's see if Kyrgyzstan will have their own bitcoin reserve too. According to this article, it was CZ that initiated the proposal of having their own strategic reserve.

Binance co-founder Changpeng “CZ” Zhao has recommended that Kyrgyzstan begin its national crypto reserve with Bitcoin and BNB, according to a post.

The proposal comes amid Zhao’s new advisory role with the country’s National Investment Agency (NIA), where he provides guidance on blockchain and digital asset strategy.

After Changpeng Zhao was released in US custody last year, I noticed that he's been actively involved in developing cryptocurrency policies for governments.  It seems like it's not just Kyrgyzstan they have been in talks with. More governments are asking counsel on how to establish a stratgic bitcon reserve. We might see more countries begin their bitcoin reserve in the future.

Binance CEO Richard Teng revealed that multiple governments seek the exchange’s guidance on establishing strategic bitcoin reserves and crafting digital asset policies following recent U.S. moves toward creating a national bitcoin stockpile.

“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves”

Source

[Cossyblack]

Florida strategic Bitcoin Reserve has been postponed indefinitely and withdraw from future consideration. This is gonna make it the second crypto bill that have been rejected by the house and Senate in the state. This is another big blow and major setbacks for the citizens of Florida state because,they won't have the  opportunity to enact a bitcoin strategic Reserve as that chapter of the road has been closed for now.

Arizona Bill rejection is still fresh in our minds and now Florida House have just rejected another Bitcoin Bill. Honestly, this isn't a good development at all but, we can only hope that not all states will make the same worst mistakes and decision like Arizona and Florida.



X Photos

[ultrloa]

Arizona Bitcoin bill has been rejected today by the Governor.

Governor Katie Hobbs uses the power of veto to stop the state from holding an official strategic Bitcoin Reserve, ending the possibility of Arizona from been the first state of all time in the US to have a Bitcoin Reserve. This is far the worst decision an executive head in a state could ever made, a decision she will surely regret in the future, when she had the best opportunity in grasp to move the state forward.

The official statement vetoing SB1025 declares the Bitcoin investment as “untested”.



Of course we know this is untrue, as there is a vast literature on the effect of adding Bitcoin to an investment portfolio.

The real reason, as you said, has probably more to do with local disputes with state politicians.

Probably SB1373 will be vetoed as well.

After I read that he Introduced Kamala Harris before now I understand on why this situation happen. With his decision to Veto the Bitcoin reserve bill he receive so many criticism towards Bitcoin community and call her ignorant due to that decision he made https://cointelegraph.com/news/arizona-governor-katie-hobbs-veto-bitcoin-bill-bitcoiners-react

I do hope that there's no influence of politics occur here and her intention is really pure towards his reason on why he do those actions. Maybe legislators should file this law again and try their luck for second time around.

I don't think she even knows what she doing. She might be Governor doesn't mean most of her decision is of true intents especially for the overall interest of her people. I agree with @sir filippone that the rejection of the bill might be politically Related. Katie Hobbs is a full flesh Democrats and the Bitcoin Bill is been frontier by a Republican Senator Wendy Rogers. I believe this is not the best way to play politics, Governor Katie Hobbs shouldn't play politics with the future of Arizona,let's her settle her political disputes with the Republican and shouldn't not drag the Bitcoin Bill into it.

While Katie Hobbs is busy playing politics with the future of Arizona,
Kyrgyz Republic formally KYRGYZSTAN is considering enacting a Strategic Bitcoin Reserve. It might be happening anytime soon, since the Binance founder Changpeng Zhao is the economic advisor for digital assets in the country.

She don't have any crypto background so we can assume that he don't really got an idea about what she's doing. The only thing he knows is to Veto those things she didn't understand well. Maybe the only thing come up on her mind is the risk but he didn't spend some time to do a deep research since somehow this is the project of her opponent party.

So hopefully politics didn't influence her decision to Veto the reserve bill filed.

What she does is huge mistake since many people would remember those things done and that could affect her political career. Pro Bitcoin legislators could file again next time especially if Katie Hobbs will be out in his office since maybe there's good chance for that bill to get approve.

Well KYRGYZSTAN is doing nice initiative to hire a real expert on the field and this is what this legislators should do if they don't understand Bitcoin since this experts like CZ would help them to understand everything about Bitcoin and the law they trying to approve.

[fillippone]

Florida strategic Bitcoin Reserve has been postponed indefinitely and withdraw from future consideration.

I am not a legal expert, but I think this is not worse than a veto or a rejection. The State decided not to discuss such topics, leaving the door open for more compelling times (if any).
This means that when other states enact the BSR, Florida can quickly resume the discussion where it was last done. I mean without starting again from scratch?

[BitBakerr1]

Florida strategic Bitcoin Reserve has been postponed indefinitely and withdraw from future consideration.

I am not a legal expert, but I think this is not worse than a veto or a rejection. The State decided not to discuss such topics, leaving the door open for more compelling times (if any).
This means that when other states enact the BSR, Florida can quickly resume the discussion where it was last done. I mean without starting again from scratch?

Someone in the house can still bring up the matter up again but I don't think it will happen anytime soon because I believe the house has time frame for any bill that has been rejected to be brought back for consideration again so even if other state enact Bitcoin reserve policy later a member in the house in Florida won't immediately bring back the Bitcoin reserve bill I think they will have to wait for a certain time before someone can propose the bill and they consider it again.
The rejection of this bill is not something we should worry ourselves with because I believe as time goes on the law makes will see more reasons why a Bitcoin reserve is needed in there state.
Some laws you see today was once rejected when it was passed as a bill so I still have hope.

[Cossyblack]

This is absolutely what I have been waiting to hear.
Governor Kelly Ayotte of NEW HAMPSHIRE have signed the Bitcoin Bill HB 302 into law, making NEW HAMPSHIRE  the first US STATE TO enact a STRATEGIC BITCOIN RESERVE. The law is to take effect after 60 days.
This is the best decision any leader could make and Governor Kelly Ayotte just got it right unlike Arizona and Florida States.

Congratulations to the good citizens of NEW HAMPSHIRE for entrusting their funds  in Bitcoin and am sure they won't regret it.

[BitBakerr1]

This is absolutely what I have been waiting to hear.
Governor Kelly Ayotte of NEW HAMPSHIRE have signed the Bitcoin Bill HB 302 into law, making NEW HAMPSHIRE  the first US STATE TO enact a STRATEGIC BITCOIN RESERVE. The law is to take effect after 60 days.
This is the best decision any leader could make and Governor Kelly Ayotte just got it right unlike Arizona and Florida States.

Congratulations to the good citizens of NEW HAMPSHIRE for entrusting their funds  in Bitcoin and am sure they won't regret it.

This is a great news and  New Hampshire and there Governor made a very big decision a decision that is risky but can bring financial stability and economic growth in that state and this risk are what other states like Arizona and Florida are scared to take, some people refused to invest in Bitcoin when Bitcoin was $1k because of the risk but today they are regretting deeply and I believe some states that are still delaying having a Bitcoin reserve will also regret in the future because of how much benefit those that started it now would have made.
There's no invest without risk other states should remember this before saying no to having a Bitcoin reserve.
Congratulations to New Hampshire.

[fillippone]

This is absolutely what I have been waiting to hear.

Literally history in the making.
This is the first time a state treasurer is allowed to invest in cryptocuttencies.
Now the imitation game will begin!
In addition, if you are reading this, you probably can say: “I did frontran the New Hampshire!”

[franky1]

This is absolutely what I have been waiting to hear.
Governor Kelly Ayotte of NEW HAMPSHIRE have signed the Bitcoin Bill HB 302 into law, making NEW HAMPSHIRE  the first US STATE TO enact a STRATEGIC BITCOIN RESERVE. The law is to take effect after 60 days.
This is the best decision any leader could make and Governor Kelly Ayotte just got it right unlike Arizona and Florida States.

Congratulations to the good citizens of NEW HAMPSHIRE for entrusting their funds  in Bitcoin and am sure they won't regret it.

says the max holdings would be 5%... so of their ~$3bill budget. thats only $150m or ~1.5k btc total buy(with a bit of wiggle room for price movement)