After seven months of inactivity, Michigan's Bitcoin Reserve Bill, HB 4087, made progress Thursday by advancing to the second reading in the state House of 0 bill , introduced in February, aims to establish a strategic bitcoin (BTC) reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest cryptocurrency and possibly 1 has now been referred to the Committee on Government 2 approved, Michigan would join the three states — Texas, New Hampshire and Arizona — that have enacted bitcoin reserve 3 Texas allocated $10 million to purchase BTC in June, the other two have yet to fund the reserve with state money.
Recently, the 4 directed the Treasury Department to study the feasibility and governance of a strategic bitcoin reserve, including key areas such as custody, cybersecurity and accounting 5 adoption of bitcoin has emerged as one of the defining trends of 2025, with several 6 and countries considering or implementing BTC reserves as part of their public finance strategy. That's in addition to the growing corporate adoption of bitcoin in company 7 institutional embrace has contributed to a significant boost in bitcoin’s market 8 BTC price has increased 25% this year, and touched a record high near $124,500 in August, CoinDesk data 9 the enthusiasm, skeptics remain concerned about the risks posed by bitcoin’s notorious price volatility.
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