After making headlines around the time of Donald Trump’s election, the U.S. strategic Bitcoin reserves eventually faded from public view. The state of Florida appears to want to remedy this situation in 2026.
Florida Revives Its Bitcoin Reserve Plan
Donald Trump’s pro-crypto presidential campaign won over many voters with its promise to establish a government strategic Bitcoin reserve. That momentum has since largely faded, with the project ultimately limited to holding onto BTC seized during criminal proceedings—unless a state like New York decides to sell the Bitcoin held by Samurai Wallet…
At the same time, many U.S. states have decided to launch their own reserves, with nearly 30 applicants listed on the Bitcoin Laws website, though ultimately fewer than 10 projects have actually moved forward due to numerous rejections by local authorities.
Active Bitcoin Strategic Reserves in the United States
This is a situation that Florida Governor Ron DeSantis—known for being a staunch defender of Donald Trump’s policies within his state—seems intent on remedying. Indeed, he does not appear to have taken kindly to the “indefinite postponement” of his previous initiative of this kind in May of last year.
Is this why a new bill—HB 1039—was just introduced on January 7 by Republican Representative John Snyder for the 2026 legislative session? The goal is to create a “public cryptocurrency reserve,” named 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 the future. They can serve as a hedge against inflation and economic volatility. The creation of a cryptocurrency reserve serves the public interest by providing increased financial security to the state’s residents,
Bill
A reserve backed by state funds
In effect, this bill seeks to revive proposals that were shelved in 2025, which would have allowed for 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 the timeline and terms for deploying these funds.
If enacted, this law could allow Florida to join the exclusive club of U.S. states advancing cryptocurrency legislation, and also become the second jurisdiction of its kind—after New Hampshire—to explicitly authorize the investment of public funds in cryptocurrencies.
This bill is, of course, supported by Florida State Senator Joe Gruters, a staunch ally of President Trump and already a registered supporter of the 2025 version. Gruters is quick to highlight Bitcoin’s status as “digital gold,” capable of providing protection against inflation.
