Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Montana Advances Bill to Make Bitcoin Part of State Investment Portfolio

Montana Advances Bill to Make Bitcoin Part of State Investment Portfolio

BTCPEERS2025/02/19 22:58
By:John Williams
Montana Advances Bill to Make Bitcoin Part of State Investment Portfolio image 0

According to House Bill 429 documents from Montana's 69th Legislature, the state's House Business and Labor Committee has approved legislation that could make Bitcoin a part of the state's investment strategy, joining a broader movement of twenty U.S. states considering similar measures worth a potential $23 billion in total investments. The bill, titled the "Inflation Protection Act of 2025," passed with a 12-8 vote along party lines.

The legislation would authorize Montana to invest up to $50 million from its general fund into digital assets and precious metals. Bitcoin is currently the only cryptocurrency meeting the bill's requirement of maintaining an average market capitalization above $750 billion over the previous calendar year. The proposal comes as the U.S. Bitcoin mining industry has grown into a significant economic force, generating $4.1 billion in annual gross product and supporting over 31,000 jobs nationwide.

According to research from asset management firm Vaneck, Arizona leads potential state investment volume with a proposed allocation of up to $8.7 billion, while Florida is considering a $3 billion investment. Montana's relatively modest $50 million proposal places it among several states exploring smaller-scale cryptocurrency investments as part of their treasury management strategies.

Key elements of Montana's proposed legislation include:

  • Creation of a special state investment account
  • Authorization for precious metals investments
  • Strict market capitalization requirements for digital assets
  • Integration with existing state investment frameworks
  • Implementation deadline of July 2025

The growth in state-level Bitcoin initiatives parallels the expansion of mining operations across the country. Texas has emerged as the leader in Bitcoin mining, contributing $1.7 billion to annual gross product and supporting over 12,200 jobs. Georgia and New York follow as the next largest beneficiaries, with $316.8 million and $225.9 million in annual gross product respectively.

Montana has become the fourth U.S. state to advance such legislation to the House level, following Utah, Arizona, and Oklahoma. If approved by the full legislature, the state treasurer would begin transferring funds into the new investment account by July 15, 2025. The bill, introduced by Representative C. Schomer and sixteen co-sponsors, represents part of a growing trend of state governments exploring cryptocurrency investments as a treasury management tool.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40