A legislative committee in Massachusetts is set to hold a hearing on a bill that would establish a Bitcoin strategic reserve for the state.
The proposal, introduced in February by Republican state Senator Peter Durant, seeks to allow the state treasury to invest up to 10% of the Commonwealth Stabilization Fund in bitcoin and other digital assets.
Additionally, any bitcoin or digital assets seized by the state could be deposited into this reserve.
Political landscape in massachusetts
Despite the bill’s introduction, its chances of passage are uncertain due to the Democratic supermajority in both chambers of the Massachusetts legislature and control of the governorship.
All of the state’s federal representatives are also Democrats, making it challenging for Republican-led initiatives to advance.
Senator Durant’s office did not respond to requests for comment at the time of publication.
federal and state movement on bitcoin reserves
Massachusetts is among several states considering similar legislation.
While states like New Hampshire and Texas have already passed laws allowing bitcoin reserves, other proposals in Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming have stalled or been rejected in 2025.
Bills are still under consideration in Michigan and Ohio.
At the federal level, President Donald Trump signed an executive order in March to establish a national bitcoin reserve, partly using seized digital assets.
Republican lawmakers are now working to codify this order through the BITCOIN Act.
corporations and inflation hedging
Companies such as MicroStrategy have long held bitcoin as a hedge against inflation. Following the federal executive order, more firms reportedly increased their bitcoin exposure in 2025, reflecting a growing trend of institutional investment in digital assets.
For more on which countries and companies currently hold bitcoin reserves, see the bitbo bitcoin treasury database.
