Analysis: The momentum of the U.S. strategic Bitcoin reserves is gradually penetrating to the state level

ChainCatcher news, according to DL News, the possibility of Trump creating a national Bitcoin reserve is a major factor driving the cryptocurrency market to new heights. Currently, the momentum for a strategic Bitcoin reserve in the U.S. is penetrating to the state level, such as:

• Florida is taking steps to establish a strategic Bitcoin reserve as early as the first quarter of 2025;
• Pennsylvania is also drafting its own Bitcoin strategic reserve bill, which is expected to invest 10% of the state's general fund in Bitcoin when it is introduced in November;

The goal of Florida and Pennsylvania is to directly purchase Bitcoin, while other states like Michigan and Wisconsin have chosen a more conservative route, investing in Bitcoin-related ETFs and trust funds:

• SEC filings show that as of September, Michigan holds $11 million in ARK 21Shares Bitcoin ETF;
• The Wisconsin Investment Board holds over $220 million in Grayscale and BlackRock Bitcoin ETF shares.