Bill > S327

This bill establishes the North Carolina Bitcoin Reserve and Investment Act, which authorizes the State Treasurer to allocate up to 10% of public funds into Bitcoin (BTC) as part of a long-term financial strategy. The bill creates a Bitcoin Reserve managed with strict security protocols, including cold storage wallets with multi-signature authentication and a dedicated department within the State Treasurer's office. The Treasurer will establish a Bitcoin Economic Advisory Board, conduct monthly audits, and implement state-backed insurance policies to protect the reserve. Bitcoin will be acquired through regulated U.S.-based cryptocurrency exchanges, with potential exploration of Bitcoin mining operations. The reserve has specific use restrictions, including responding to financial crises, funding infrastructure projects, supporting Bitcoin-related research and economic development, and backing public project bonds. Any liquidation of Bitcoin requires approval from at least two-thirds of the General Assembly members. The bill mandates compliance with federal and state cryptocurrency regulations, and requires the Treasurer to submit quarterly public reports detailing the reserve's status, value, and performance. The overall purpose is to position North Carolina as a leader in state-level cryptocurrency adoption and explore Bitcoin as a strategic financial asset.

https://www.ncleg.gov/BillLookUp/2025/S327