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State-Level Bitcoin Reserve Trend: A 'Digital Gold Rush' Quietly Reshaping Market Dynamics
Currently, 26 states in the U.S. have introduced Bitcoin reserve bills. Since Trump publicly announced the crypto strategic reserve, state-level bills have evolved from political slogans to institutional rights confirmation.
Utah's HB0230 bill proposing a 5% public fund allocation to BTC is about to pass the Senate, while Arizona is even more radical—allowing the state treasury to allocate 10% of funds to BTC and NFTs. Local governments' 'financial self-rescue' has shifted from gold to digital assets.
State-level reserves essentially represent sovereign-level lock-ups. According to VanEck's calculations, if 20 states pass the bills, 247,000 BTC (accounting for 1.18% of circulation) will be long-term frozen—equivalent to consuming two years of new supply post-halving, compounded by continuous ETF accumulation, making the supply-demand gap a foregone conclusion.
Utah's HB0230 bill proposing a 5% public fund allocation to BTC is about to pass the Senate, while Arizona is even more radical—allowing the state treasury to allocate 10% of funds to BTC and NFTs. Local governments' 'financial self-rescue' has shifted from gold to digital assets.
State-level reserves essentially represent sovereign-level lock-ups. According to VanEck's calculations, if 20 states pass the bills, 247,000 BTC (accounting for 1.18% of circulation) will be long-term frozen—equivalent to consuming two years of new supply post-halving, compounded by continuous ETF accumulation, making the supply-demand gap a foregone conclusion.
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