TechFlow reports on December 6 that, according to The Street, Samuel Armes, chairman of the Florida Blockchain Business Association (FBBA), announced the state plans to establish a strategic Bitcoin reserve during its first-quarter 2025 legislative session. The proposal suggests allocating 1% each from Florida's $185.7 billion pension fund and $116.5 billion fiscal surplus for Bitcoin investment, potentially totaling $3 billion.
Currently, Florida already holds $800 million in crypto assets through its pension fund. Governor DeSantis and legislative leaders support the plan, emphasizing it will help Florida maintain its leadership position in digital assets. This move aligns with Trump's pledge to create a national Bitcoin reserve.
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