TechFlow reported on March 19 that the Bitcoin and Digital Assets Legislation Tracking Platform, Bitcoin Laws, disclosed that a senator from North Carolina introduced Senate Bill 327 (SB327), authorizing the state treasurer to allocate up to 10% of public funds into Bitcoin. The bill, named the "North Carolina Bitcoin Reserves and Investment Act," was submitted by Senators Johnson and Overcash on March 18, 2025.
The bill mandates that Bitcoin holdings be secured via multi-signature cold storage and requires monthly reserve audits. It also strictly limits conditions under which Bitcoin can be sold, permitting sales only in specific circumstances such as a "severe financial crisis."
According to Bitcoin Laws, North Carolina's General Fund currently holds approximately $9.5 billion in assets. To date, two Bitcoin reserve bills have been introduced in North Carolina: House Bill 92 and Senate Bill 327.
