Michigan Strategic Bitcoin Reserve Tracker and Laws

Michigan Bitcoin Reserve Overview

Michigan's State Pension Plan invested approximately $6.6M into Bitcoin ETFs (BlackRock IBIT) in 2024 — among the first US public pension funds to do so. No formal state reserve framework yet.

Michigan Legislative Breakdown

State retirement system invested ~$6.6M in Bitcoin ETFs (BlackRock IBIT) disclosed 2024.

Michigan Strategic Bitcoin Reserve

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

As of May 22, 2026, Michigan'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.

Michigan Legislative Timeline

2024-07-22

APPROVED

Michigan State Pension disclosed BlackRock IBIT (Bitcoin ETF) holding via 13F filing.

Michigan Bitcoin Reserve FAQs

Does Michigan have a state Bitcoin reserve?

As of May 22, 2026: Michigan's State Pension Plan invested approximately $6.6M into Bitcoin ETFs (BlackRock IBIT) in 2024 — among the first US public pension funds to do so. No formal state reserve framework yet.

How much Bitcoin does Michigan hold?

Michigan'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 Michigan's Bitcoin policy stance?

Michigan is classified as 'Neutral' on Bitcoin-related state legislation. Key legislation: State retirement system invested ~$6.6M in Bitcoin ETFs (BlackRock IBIT) disclosed 2024.

Has Michigan passed a Strategic Bitcoin Reserve bill?

See the Michigan 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 Michigan?

Bitcoin is legal to buy, hold, and sell across all US states, including Michigan, 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 Michigan?

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

Is Bitcoin mining allowed in Michigan?

Bitcoin mining is generally permitted across US states, though Michigan 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 Michigan's state treasury invest in Bitcoin?

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

When was Michigan'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 Michigan's Bitcoin reserve information?

All bill numbers, dates, and signatures are sourced from official Michigan 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 Michigan

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

Michigan Bitcoin Reserves & Cryptocurrency Legislation