West Virginia lawmakers have introduced Senate Bill 143, a proposal that would allow the state treasury to allocate up to 10% of public funds to bitcoin and gold.
What the bill would allow
SB143 authorizes the West Virginia Treasury to invest in assets framed as inflation hedges, explicitly naming bitcoin and gold.
The bill also sets a filter for any digital asset: it must maintain an average market capitalization above $750 billion.
That threshold effectively limits eligibility to bitcoin.
Market cap threshold narrows eligibility
A social media post circulating about the proposal summarized the structure of the bill and its constraints.
Bitcoin.com News wrote:
“NEW: 🇺🇸 West Virginia proposes allocating 10% of state funds to #Bitcoin. 📜 Bill SB143 empowers the Treasury to invest in $BTC & gold as an inflation hedge, mandating a $750B+ market cap, effectively making Bitcoin the sole digital reserve asset, while also allowing staking.”
Broader state reserve trend
If enacted, SB143 would place West Virginia among early U.S. states moving to integrate bitcoin into treasury strategy.
The proposal’s 10% cap would apply to public funds, while the market cap rule is designed to keep the reserve limited to bitcoin rather than broader digital assets.
