Strategic Bitcoin Reserve (State Finance)

Current understanding

Michigan House Bill 4087 (103rd Legislature) proposes amending the Management and Budget Act (1984 PA 431) by adding section 351a to establish a state strategic bitcoin reserve as part of Michigan’s state finance framework. The bill represents Michigan’s first legislative proposal to hold bitcoin as a state financial asset, following similar proposals introduced in other states. Status: introduced.

Evidence log

• 2026-06-11 — Consumer protection: other; virtual currency kiosks; prohibit the operation of. Creates new act.: cross-connection with virtual-currency-kiosk-prohibition: Contrasting cryptocurrency policy tracks in the same session — one restricting consumer-facing crypto access points, the other authorizing state-level crypto holdings. (novelty: 3)
• 2025-02-13 — State finance: other; strategic bitcoin reserve; establish. Amends sec. 351 of 1984 PA 431 (MCL 18.1351) by adding sec. 351a.: cross-connection with zoning-cryptocurrency-mining: Both address the state’s evolving policy posture toward cryptocurrency — one on state treasury holdings of bitcoin, the other on local zoning treatment of crypto mining operations. (novelty: 3)

Open questions

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