After dominating the headlines at the time of Donald Trump’s election, US strategic reserves of Bitcoin eventually fell into obscurity. This is a situation that the state of Florida seems keen to remedy in 2026.
Florida revives its Bitcoin reserve project
Donald Trump’s pro-crypto presidential campaign was widely appealing thanks to his promise to build a strategic government Bitcoin reserve. That momentum has since largely faded, with the project ultimately limited to storing BTC seized during criminal proceedings, unless a state like New York decides to sell those held by Samurai Wallet…
At the same time, many US states have decided to launch their own reserves, with nearly 30 applicants listed on the Bitcoin Laws website, but ultimately fewer than 10 projects have been implemented due to numerous rejections by local authorities.
This is a situation that Florida Governor Ron DeSantis, known for being a staunch supporter of Donald Trump’s policies in his state, seems keen to remedy. Indeed, he does not seem to have taken kindly to the “indefinite postponement” of his previous initiative of this kind in May last year.
Is this why a new bill—called HB 1039—was introduced on January 7 by Republican Representative John Snyder for the 2026 legislative session? The goal is to create a “public cryptocurrency reserve,” called the Florida Strategic Cryptocurrency Reserve, “as a special fund separate from the State Treasury.”
Cryptocurrencies are assets with strategic potential to strengthen the state’s financial resilience and position it for the digital economy of tomorrow. They can serve as a hedge against inflation and economic volatility. The creation of a cryptocurrency reserve serves a public interest objective by providing increased financial security to the residents of this state. Bill
A reserve backed by state funds
In fact, this bill attempts to reinstate proposals that were abandoned in 2025, notably allowing the creation of a Bitcoin reserve by allocating up to 10% of certain state funds to it.
In this case, no minimum allocation is specified, as the state’s Chief Financial Officer (CFO) will have full discretion to decide on the timing and terms of the fund’s deployment.
If enacted, this law could allow Florida to join the VIP club of US states that are advancing cryptocurrency legislation, but also to become the second jurisdiction of its kind—after New Hampshire—to explicitly authorize the investment of public funds in cryptocurrencies.
The bill is, of course, supported by Florida State Senator Joe Gruters, a staunch ally of President Trump and already an active supporter of the 2025 version. Gruters is keen to emphasize Bitcoin’s status as digital gold, capable of providing protection against inflation.
