Utah Joins Arizona in Approving Bitcoin Reserve Bill

Utah Approves Strategic Bitcoin Reserve Bill, Awaits Governor’s Signature

Utah has become the second US state after Arizona to approve a Strategic Bitcoin Reserve bill, requiring final governor approval to become law. The bill proposes allocating 10% of state funds to Bitcoin reserves, with 11 other states considering similar legislation. South Dakota is following Arizona’s lead, with State Representative Logan Manhart supporting proactive government involvement. The bill is moving forward under Jordan Teuscher’s leadership, who previously introduced HB230 for Utah’s digital asset investments. Bitcoin’s price showed a slight correction to $102,248.93, while companies like MicroStrategy continue to accumulate more BTC.

Utah has taken a decisive step toward becoming the second US state to establish a Strategic Bitcoin Reserve, following Arizona’s recent advancement of similar legislation. The state’s committee has approved a bill that would allow Utah to hold Bitcoin as part of its strategic reserves, marking a potential shift in how state governments approach digital asset management.

The bill’s approval comes after Arizona passed its own Strategic Bitcoin Reserve Act (SB1025), setting a precedent for other states considering similar measures. Dennis Porter, co-founder of Satoshi Act Fund, announced the development through social media platform X, highlighting the growing momentum for state-level Bitcoin adoption.

Under the proposed legislation, Utah would allocate approximately 10% of its funds to Bitcoin reserves. The bill now awaits presentation to the state legislature and requires the governor’s signature to become law. The measure has already received support from a super-majority vote in the state.

MASSIVE BREAKING: With a super majority vote, Utah becomes the second state in the nation to pass a ‘Strategic Bitcoin Reserve’ bill out of committee.

Thank you to the leadership of, and Senator Cullimore as well as Utah’s forward thinking approach.

Jordan Teuscher, who previously introduced HB230 to enable Utah’s investment in digital assets, is leading the current legislative effort. His earlier work laid the groundwork for the state’s approach to cryptocurrency investments, demonstrating a consistent push toward digital asset adoption.

The movement toward state Bitcoin reserves has gained traction beyond Utah’s borders. Currently, 11 US states are actively pursuing legislation to add Bitcoin to their strategic reserves, with most proposals suggesting a 1