North Carolina Invests in Bitcoin with New State Reserve Fund

North Carolina has taken a pioneering step towards modernizing its state finances by establishing a Bitcoin reserve fund. Senate Bill 327, sponsored by Senators Johnson and Overcash, grants the North Carolina State Treasurer the authority to invest public funds in digital assets, allocating up to 5-10% into Bitcoin. This move marks the state as the 20th to implement such a framework, following in the footsteps of states like Florida and Maryland.