A new bill introduced in Florida could allow public funds and pension systems to invest up to 10% of their portfolios in Bitcoin and other digital assets.
Florida lawmakers are considering a groundbreaking proposal that could integrate digital assets into the state’s financial management. Introduced by State Representative Webster Barnaby, House Bill 183 — also known as the “Strategic Bitcoin Reserve” Act — authorizes the state’s Chief Financial Officer and local governments to allocate up to 10% of public and stabilization funds to assets like Bitcoin, tokenized securities, and NFTs. The state’s pension system would be granted similar investment authority.
The proposal mandates secure custody for all holdings, requiring that assets be held through the state CFO, licensed custodians, or SEC-approved ETFs. HB 183 positions Bitcoin as a store of value and a hedge against inflation, referencing the federal “Strategic Bitcoin Reserve” directive introduced by the White House in March 2025. It also enables Florida residents to pay certain taxes and fees using digital assets, which will be converted into dollars upon payment.
Florida’s move follows similar legislation in Arizona, Texas, and New Hampshire earlier this year, reigniting a nationwide push for state-level Bitcoin reserves. Julian Fahrer, founder of “Bitcoin Laws,” noted that more than 50 such bills were introduced across the U.S. in 2025, adding, “While many were shelved before session end, we expect even more momentum heading into 2026.” HB 183 is currently awaiting committee approval before moving to the Senate and governor for final ratification.
