North Carolina is taking a bold step into Bitcoin with the introduction of SB327, a bill that authorizes the State Treasurer to allocate up to 10% of public funds to Bitcoin (BTC) as part of its fiscal reserves.
North Carolina Moves to Establish Bitcoin Reserve with SB327 Bill
Key Provisions of SB327
The bill outlines strict rules to ensure the safe custody, transparency, and responsible management of the state’s Bitcoin assets:
- Storage: Bitcoin will be kept in multi-signature (multi-sig) cold storage to provide greater security.
- Proof of Reserves: Assets will be subject to monthly audits, ensuring transparency and accountability.
- HODLing Strategy: Bitcoin sales will be highly restricted, only allowed in cases of severe financial crisis and under strict conditions.
Growing Trend in State-Level Bitcoin Adoption
North Carolina joins a growing list of U.S. states exploring Bitcoin as a treasury asset, following other jurisdictions that aim to diversify reserves and protect against inflation.
The bill underscores Bitcoin’s growing role in state-level financial strategies, while also aligning with broader national discussions on crypto-friendly policies and digital asset integration into public finances.
*This is not investment advice.
