Several U.S. states are exploring the establishment of Bitcoin reserves, driven by rising cryptocurrency values. Currently, five states are considering legislative proposals to allocate funds for strategic Bitcoin investments. Texas is leading the charge with a bill proposed by Representative Giovanni Capriglione, which mandates the state hold Bitcoin for at least five years in cold storage. Pennsylvania is also in the mix, with a plan allowing the state treasurer to use up to 10% of its General Fund to buy nearly $1 billion in Bitcoin. Ohio's proposed Bitcoin Reserve Act would give the treasurer discretionary powers for purchasing Bitcoin. In New Hampshire, a bill has been introduced to allow investment in Bitcoin, relying on market capitalization criteria, while North Dakota has initiated discussions on investing state funds in digital assets. The push for Bitcoin reserves is seen as a means to enhance financial security and keep pace with economic changes.

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