Florida Proposes State Bitcoin Reserve for 2026

• Lyla Velez
• January 8, 2026
• Policy
• 0 Comments

Florida plans to establish a state-managed Bitcoin reserve by 2026. Led by Republican lawmakers and CFO Jimmy Patronis, the proposal focuses solely on Bitcoin with a market-cap requirement.

The proposal signifies a shift toward digital asset reserves, setting potential regulatory precedents. It is currently under legislative review with no immediate on-chain impact.

The legislative proposal for a state Bitcoin reserve is spearheaded by Florida’s Senate sponsor Joe Gruters and House sponsor John Snyder. CFO Jimmy Patronis supports the initiative, viewing Bitcoin as a “digital gold.” The reserve aims to hedge against inflation and extract value from legal recoveries.

Bitcoin will be the sole eligible asset, meeting the $500 billion market cap requirement. The proposal excludes altcoins and structures the reserve separately from state funds. Legislators favor a state-managed approach to ensure fiduciary standards equivalent to public trust assets.

Market analysts are monitoring the proposal’s potential regulatory influence, though immediate market impacts remain negligible. The proposal outlines operational directions for a potential $500 billion market cap threshold, impacting Florida’s financial strategy. Adoption of similar measures in Texas and New Hampshire suggest possible regulatory precedent effects across states.

Potential outcomes may include enhanced regulatory frameworks influencing broader digital asset adoption. Analysts expect Florida’s reserve to act as a template, significantly impacting state-level digital asset strategies. Historical data from Texas and New Hampshire provide a foundation for potential enactment outcomes.

“The purpose of this reserve is to create a state-managed Bitcoin reserve that functions separately from the state treasury and serves as a hedge against inflation.” — Jimmy Patronis, Chief Financial Officer, State of Florida