Key Takeaways

When is the bill expected to be discussed?

The bill will be considered during the 2026 legislative session.

Who would manage these digital investments?

Florida’s Chief Financial Officer (CFO) and the State Board of Administration would oversee the investments, ensuring secure custody and compliance.

Florida is emerging as the latest U.S. state to explore the idea of holding Bitcoin [BTC] as part of its public investment strategy.

Details of the House Bill 183

House Bill 183 was recently introduced in the Florida House. It defines “digital assets” broadly, including Bitcoin, tokenized securities, and non-fungible tokens (NFTs). The bill also mandates strict custody and control measures for these assets.

Importantly, the bill allows Florida’s Chief Financial Officer (CFO) to invest up to 10% of certain public funds in digital assets. These funds include the General Revenue Fund, the Budget Stabilization Fund, and various trust funds.

Investments can be made directly in Bitcoin, other digital assets, or exchange-traded products. The CFO has three options for managing these assets: holding them directly, using a qualified custodian, or investing through an SEC-registered ETF.

These methods are designed to ensure institutional-grade safeguards.

If enacted, the bill would also authorize the State Board of Administration to invest up to 10% of the Florida Retirement System’s Trust Fund in similar digital assets.

How will this help Florida?

The bill frames Bitcoin as both a store of value and a hedge against inflation. It aligns with broader federal developments, including the March 2025 White House executive order that established a nat

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Author: Ishika Kumari