- The bill could direct up to $950 million of North Carolina’s public funds into Bitcoin under a 10% cap on the general fund.
- A Bitcoin Economic Advisory Board will guide the state’s strategy, and quarterly reports will track the reserve’s performance.
- The bill introduces strict rules for Bitcoin usage, requiring General Assembly approval for any liquidation of the holdings.
North Carolina lawmakers have introduced a new bill that could see the state invest up to $950 million of its public funds into Bitcoin. The proposal, titled the “NC Bitcoin Reserve and Investment Act” (SB327), could potentially direct 10% of the state’s general fund to Bitcoin, positioning the state as a leader in cryptocurrency adoption.
Proposed Investment and Fund Allocation
According to a post on X by Bitcoin Laws, the bill authorizes the state’s Office of the Treasurer to allocate a portion of public funds, potentially reaching $950 million. North Carolina’s general fund stood at $9.5 billion on March 14, 2025, according to the state’s Office of the State Controller.
The 10% cap in the bill is based on this figure, although the exact amount could vary depending on future fund estimates. Should the bill pass, Bitcoin would be stored in cold wallets secured with multi-signature authentication. The state’s treasurer would manage the funds, ensuring compliance with regulations. Monthly audits would track the reserve’s status.
Safeguards and Restrictions
The proposed legislation introduces a series of safeguards. The Bitcoin holdings will be stored securely, and the treasurer may engage in regulated activities such as staking and lending. A Bitcoin Economic Advisory Board will guide the state’s strategy, with quarterly reports on the reserve’s performance.
The bill also sets strict usage conditions, requiring approval from both chambers of the General Assembly for any Bitcoin liquidation. Uses could include funding infrastructure, supporting research, and backing public projects.
The bill is part of a broader effort by North Carolina lawmakers to integrate cryptocurrency into the state’s financial strategy. It follows the introduction of the “NC Digital Assets Investments Act” (HB92), which would also allow for investments in digital assets. Both bills reflect the state’s growing interest in using digital currencies for economic innovation.
