Michigan is making bold moves toward crypto adoption. Lawmakers Bryan Posthumus and Ron Robinson have introduced House Bill 4087, a proposal allowing the state treasurer to allocate up to 10% of Michigan’s general and economic stabilization funds into Bitcoin and other digital assets. If passed, Michigan would join the growing list of U.S. states considering crypto as part of their financial strategy.

A Push for Bitcoin Reserves at the State Level

The bill is inspired by Texas’ SB 21, which recently expanded the state’s Bitcoin reserve initiative to include other high-market-cap cryptocurrencies. Michigan’s version goes a step further, proposing a mechanism for the state treasurer to lend out its crypto holdings, potentially generating additional revenue.

Representative Posthumus emphasized the need for Michigan to take a leadership role in tech and finance:

“Michigan should be leaders, not followers—especially when it comes to tech and manufacturing.”

U.S. States Moving Toward Bitcoin Reserves

The trend of state-backed Bitcoin reserves is gaining momentum. Utah, currently leading the movement, is expected to be the first to formally implement a Bitcoin reserve, with strong legislative support. At least 20 other states, including Arizona, Illinois, Kentucky, Ohio, and Pennsylvania, are considering similar proposals.

This momentum has been fueled by the pro-crypto stance of President Donald Trump, whose administration has signaled interest in a national digital asset reserve. While no immediate action has been taken at the federal level, an executive order has directed officials to explore digital asset stockpiling.

Investment Implications

The move by Michigan could strengthen Bitcoin’s long-term adoption and reinforce its role as a hedge against economic uncertainty. If more states follow, demand could rise, influencing Bitcoin’s market value. However, institutional investment in crypto remains highly speculative and subject to regulatory changes.

📌 This article is for informational purposes only and does not constitute investment advice.