Florida Proposes $500 Billion Bitcoin Reserve Under Senate Bill 1038
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- New Legislation Proposed: Florida's Senate Bill 1038, sponsored by Republican Senator Joe Gruters on December 30, 2025, aims to establish a state-controlled Strategic Cryptocurrency Reserve, restricting eligible assets to cryptocurrencies with an average market capitalization above $500 billion, with Bitcoin currently being the only qualifying asset.
- Management Structure: The reserve will be managed by the Chief Financial Officer, who will have the authority to purchase, hold, and liquidate approved digital assets, aiming to mitigate investment risks through stringent asset selection criteria.
- Legislative Coordination: The bill requires companion legislation from the House Bill 1039 to take effect, demonstrating coordinated legislative support, with CFO reporting requirements set to begin in December 2026 if enacted.
- Market Impact: Florida's framework seeks to provide oversight while limiting asset selection in response to opposition against earlier proposals, potentially influencing Bitcoin reserve legislation in other states.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
