21 U.S. States Have Proposed Bitcoin Strategic Reserve Bills, with the Fastest Implementation Expected in May

According to data from OKG Research on February 12th, 21 U.S. states have proposed Strategic Bitcoin Reserve (SBR) bills. If all goes well, Utah’s SBR will take effect on May 7, 2025. Once this happens, SBRs in other states are expected to be approved one after another. These states are projected to invest a total of over $30 billion in Bitcoin, which could potentially lift the price of BTC by at least 15%, reaching $115,000.

In July 2024, during his attendance at a Bitcoin conference, Trump promised to make the United States a global Bitcoin superpower. Just three days after taking office on January 20, 2025, he ordered the establishment of a dedicated digital asset task force to explore the United States’ cryptocurrency reserve strategy. Cynthia Lummis, the proposer of the SBR bill and chair of the Senate Banking Digital Assets Subcommittee, stated that if the United States were to establish a reserve using 5% of the total Bitcoin supply (approximately 1 million Bitcoin), the national debt could be reduced by half over the next 20 years. Currently, the U.S. government holds over 207,000 Bitcoin, accounting for about 1% of the total supply of 21 million Bitcoin.

Eric Weiss, a board member of mining company Core Scientific, advised investors in the following way: Do not sell your Bitcoin. Trump and his entire team support Bitcoin, and states are establishing Bitcoin strategic reserves. The answer is clear: just keep buying.

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