Florida has taken a significant step towards incorporating Bitcoin into its financial reserves, becoming the latest US state to explore this innovative strategy. House Bill 487 (HB 487), which aims to enable investment of up to 10% of major public funds in Bitcoin, passed unanimously through the House Insurance and Banking Subcommittee. This bill would see Florida’s Chief Financial Officer and the State Board of Administration empowered to invest this amount into Bitcoin, including funds from the General Revenue Fund and Budget Stabilization Fund. Strict guidelines for custody, security, and compliance have been included, along with provisions permitting the state to loan its Bitcoin or use it in exchange-traded products. The bill has advanced past its initial stage and is now awaiting approval by three more legislative committees before reaching a full House vote.