Florida Strategic Bitcoin Reserve Tracker and Laws

Florida Bitcoin Reserve Overview

Florida CFO Jimmy Patronis publicly advocated for a state Bitcoin reserve in 2024, and HB 487/SB 550 were introduced in early 2025 — but the bills were ultimately withdrawn. Lawmakers revived the effort for the 2026 session with HB 1039 and companion SB 1038, which cleared the Banking & Insurance Committee 10-0 before dying in Appropriations in March 2026 — the state's second consecutive near-miss. Florida remains broadly crypto-friendly and has welcomed major industry players.

Florida Legislative Breakdown

HB 487 / SB 550 (Strategic Bitcoin Reserve) withdrawn 2025; no state holdings.

Florida Strategic Bitcoin Reserve

Current status: NO ACTIVE LEGISLATION — no Strategic Bitcoin Reserve bill on file.

As of August 6, 2026, Florida's state treasury holds no Bitcoin directly. US state Strategic Bitcoin Reserves authorize the holding of Bitcoin but require separate legislative appropriation before a treasury is funded. The timeline below tracks every verified legislative milestone.

Florida Legislative Timeline

2026-03-13

REJECTED

SB 1038 (Strategic Cryptocurrency Reserve Act) passed the Banking & Insurance Committee 10-0 but died in the Appropriations Committee as the 2026 session closed.

Bill: SB 1038
Read More →
2026-01-07

PROPOSED

Rep. John Snyder filed HB 1039, establishing a Strategic Cryptocurrency Reserve Fund outside the state treasury managed by the CFO, with audits and advisory oversight.

Bill: HB 1039
Read More →
2025-05-05

REJECTED

HB 487 / SB 550 (Strategic Bitcoin Reserve Act) withdrawn from consideration in Florida legislature.

Bill: HB 487
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2025-02-26

PROPOSED

Rep. Webster Barnaby introduced HB 487 proposing Strategic Bitcoin Reserve.

Bill: HB 487
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2024-10-22

PROPOSED

Florida CFO Jimmy Patronis sent letter advocating for state Bitcoin investment.

Florida Bitcoin Reserve FAQs

Does Florida have a state Bitcoin reserve?

As of August 6, 2026: Florida CFO Jimmy Patronis publicly advocated for a state Bitcoin reserve in 2024, and HB 487/SB 550 were introduced in early 2025 — but the bills were ultimately withdrawn. Florida remains broadly crypto-friendly and has welcomed major industry players.

How much Bitcoin does Florida hold?

Florida's state treasury holds no Bitcoin directly as of August 6, 2026. Even where reserve legislation is enacted, a treasury is only funded after a separate legislative appropriation.

What is Florida's Bitcoin policy stance?

Florida is classified as 'Friendly' on Bitcoin-related state legislation. Key legislation: HB 487 / SB 550 (Strategic Bitcoin Reserve) withdrawn 2025; no state holdings.

Has Florida passed a Strategic Bitcoin Reserve bill?

See the Florida legislative timeline above for current bill status. As of August 6, 2026, only Arizona (HB 2749), New Hampshire (HB 302), and Texas (SB 21) have enacted state Strategic Bitcoin Reserve laws.

Is Bitcoin legal in Florida?

Bitcoin is legal to buy, hold, and sell across all US states, including Florida, under federal law. State-level rules mainly govern money-transmitter licensing, consumer protection, and whether the state treasury may hold Bitcoin.

Is cryptocurrency taxed in Florida?

Federal capital-gains tax applies to crypto nationwide. State tax treatment in Florida depends on whether it levies a state income tax; consult a qualified tax professional, as guidance evolves.

Is Bitcoin mining allowed in Florida?

Bitcoin mining is generally permitted across US states, though Florida may apply energy, zoning, or noise regulation. Any mining-specific measures are noted in the legislative breakdown above.

Which US states have enacted Bitcoin reserve laws?

Three states have enacted Strategic Bitcoin Reserve laws: Arizona (HB 2749, May 7 2025), New Hampshire (HB 302, May 6 2025), and Texas (SB 21, June 2025). Texas made the first state reserve purchase (~$5M in a Bitcoin ETF, November 2025); several others have active proposed legislation.

Can Florida's state treasury invest in Bitcoin?

A state treasury can hold Bitcoin only if legislation explicitly authorizes it. Florida's current authority is reflected by its stance ('Friendly') and the key legislation listed above.

When was Florida's Bitcoin legislation last updated?

This page reflects verified data as of August 6, 2026, sourced from official state legislative records (LegiScan) and signed gubernatorial press releases.

Where can I verify Florida's Bitcoin reserve information?

All bill numbers, dates, and signatures are sourced from official Florida legislative records via LegiScan, the National Conference of State Legislatures, and gubernatorial press releases. Sources are linked at the bottom of this page.

Official Sources & Data References for Florida

All data on this page is compiled from primary, verifiable sources. Click any source below to verify directly.

Florida Bitcoin Reserves & Cryptocurrency Legislation