North Dakota joins the wave of Bitcoin reserves

The state of North Dakota just announced a new resolution aimed at diversifying public financial sources by investing in digital assets and precious metals. This is the latest move by states in the U.S. to use Bitcoin to combat inflation and strengthen financial power.

Resolution 3001: Diversifying investment sources

This resolution was proposed by a group of lawmakers, including:

  • Representatives: Nathan Toman, Matthew Heilman, Jared Hendrix, Daniel Johnston, SuAnn Olson, Todd Porter.

  • Senators: Jeff Barta, Bob Paulson.

Main objective:

  • Addressing inflation: Investing in non-traditional assets to mitigate the negative impacts of inflation.

  • Diversifying the portfolio: Guiding the State Treasurer and the Investment Council to consider assets such as cryptocurrencies and precious metals.

Different from other states

Unlike the resolution in New Hampshire—allowing investment in Bitcoin only based on market capitalization—North Dakota's Resolution 3001 does not limit the types of cryptocurrencies that can be used. This opens up opportunities for various digital assets, not just $BTC .

However, John Bjornson, Director of the North Dakota Legislative Council, stated that this resolution is only advisory and has no legal effect.

Comparison with other states

States like Florida, #Texas , Pennsylvania, Ohio, and New Hampshire are also considering or implementing Bitcoin reserve measures:

  • Louisiana: Has started accepting payments in Bitcoin and stablecoin USDC since September.

  • New Hampshire: Is promoting a plan to create a Bitcoin reserve fund.

Representative Keith Ammon of New Hampshire emphasized:
"States that lag behind in building Bitcoin reserves will be at a disadvantage. It is important for states to act quickly."

Conclusion: Symbolic action or a real turning point?

It is expected that Resolution 3001 will be voted on next Tuesday. Although currently, this resolution is only symbolic, it is a clear signal that North Dakota and many other states are seriously considering Bitcoin as part of their long-term financial strategy.

If successful, this move will mark a significant turning point in how U.S. states approach digital assets and precious metals, helping to shape the future of public finance.