Missouri Advances Plan for State-Controlled Bitcoin Reserve Fund

The proposal to establish a state-controlled Bitcoin reserve fund in Missouri has taken a significant step forward with the introduction of House Bill 2080. The bill, which was initially introduced in 2025 but had been languishing in committee, aims to make Missouri one of the first states to formalize Bitcoin at the state treasury level.

Under the proposed legislation, the Missouri State Treasurer would be responsible for managing the Bitcoin Strategic Reserve Fund, which would allow the state to invest and hold cryptocurrency using state funds. The fund would have a minimum 5-year holding period, during which time the treasurer would be required to maintain frequent audits to ensure that no rogue activities take place.

The bill also includes provisions for reporting and transparency, requiring the treasurer to submit bi-annual public reports detailing the value of Bitcoin in the fund, all transactions and expenditures, as well as any security incidents. Additionally, the proposal allows authorities in the state to accept cryptocurrency for taxes, fines, and fees, subject to approval by the Department of Revenue.