Missouri Seeks Second Chance with State-Level Bitcoin Reserve

Missouri's push to establish a state-level Bitcoin reserve has gained momentum after a similar proposal faltered last year. Lawmakers recently advanced House Bill 2080 to the State House Commerce Committee, outlining plans for a BTC Strategic Reserve Fund within the state treasury.

The new legislation mirrors a previous attempt in 2025 that stalled in committee. However, this time around, proponents argue that stronger bipartisan support has led to renewed efforts to explore cryptocurrency as a long-term financial tool.

According to House Bill 2080, any acquired Bitcoin must remain in the fund for at least five years to prevent short-term selling and encourage long-term planning. Additionally, the treasurer would have the option to accept donations in BTC, including gifts and grants, which could attract private support and expand the state's cryptocurrency holdings.

Critics caution that cryptocurrency prices can be volatile, potentially putting public funds at risk if prices drop sharply. However, proponents argue that a state Bitcoin reserve could provide multiple benefits, such as acting as an inflation hedge, diversifying state assets, and attracting tech-savvy investors to Missouri.