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for a state Bitcoin reserve in 2024, and HB 487/SB 550 were introduced in early 2025 — but the bills were ultimately withdrawn. 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HB 487 / SB 550 (Strategic Bitcoin Reserve) withdrawn 2025; no state holdings.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 May 22, 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
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2025-05-05REJECTEDHB 487 / SB 550 (Strategic Bitcoin Reserve Act) withdrawn from consideration in Florida legislature.Bill: HB 487Read More →
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2025-02-26PROPOSEDRep. Webster Barnaby introduced HB 487 proposing Strategic Bitcoin Reserve.Bill: HB 487Read More →
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2024-10-22PROPOSEDFlorida CFO Jimmy Patronis sent letter advocating for state Bitcoin investment.
Florida Bitcoin Reserve FAQs
Does Florida have a state Bitcoin reserve?
As of May 22, 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for a state Bitcoin reserve in 2024, and HB 487/SB 550 were introduced in early 2025 — but the bills were ultimately withdrawn.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 May 22, 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 Key legislation: HB 487 / SB 550 (Strategic Bitcoin Reserve) withdrawn 2025; no state holdings.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 May 22, 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). 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 May 22, 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.