Michigan Moves to Make Bitcoin Part of State Treasury — HB 4807 Passes Key Hurdle

Michigan legislature advanced a bill that would permit the state treasury to allocate up to 10% of its reserves into Bitcoin and other cryptocurrencies, marking another significant vote of confidence from public sectors.

After seven months of stagnation, Michigan’s Bitcoin Reserve Bill (HB 4807) has been revived, advancing to a second reading in the state House of Representatives. The bill would authorize Michigan’s treasury to invest up to 10% of its portfolio in Bitcoin and potentially other crypto assets.

This development places Michigan alongside states like Texas, New Hampshire, and Arizona, which have either passed similar laws or taken steps toward holding Bitcoin in state treasuries. Some of those states have begun deploying funds, others remain in planning.

Proponents argue the BTC reserve bill offers a hedge against inflation, diversifies public finances, and positions Michigan as a forward-looking player in digital asset adoption. Critics warn about volatility, regulatory risk, and governance issues — especially in security, accounting standards, and legal clarity over who controls custody and what thresholds trigger disclosures.

From a market perspective, such legislation tends to bolster Bitcoin’s legitimacy and often improves investor sentiment. Institutions follow regulatory cues, and public sector adoption adds a layer of credibility — potentially increasing demand from non-speculative sources.

If HB 4807 passes fully, Michigan would join a growing group of U.S. states that treat Bitcoin not just as a speculative asset but as a part of sovereign reserve strategy. This could have ripple effects — pressuring other states, possibly even at the federal level, to consider similar reserve policies.

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