Michigan Bitcoin Reserves and Cryptocurrency Policies

Michigan proposes a Strategic Bitcoin Reserve via HB 4087 and advances pro-crypto laws, including tax breaks and green mining, as of May 2025.

~100–500 BTC
Valued at ~$10M–$50M (May 2025)

Friendly
Tax breaks, anti-CBDC via HB 4510–4513

HB 4087 for BTC reserve
Blockchain via HB 4512

Michigan Cryptocurrency Profile

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Policies
Michigan, USA	~100–500 BTC Estimated	~0.001%	Friendly	2025-05-23	HB 4087 authorizes up to 10% of general and stabilization funds for crypto investments, passed House Committee April 15, 2025, pending full House approval HB 4510 offers tax deductions for crypto transactions, introduced May 23, 2025, pending HB 4511 bans state-level CBDC advocacy, introduced May 23, 2025, pending HB 4512 incentivizes renewable-powered crypto mining, explores blockchain for public resources, introduced May 23, 2025, pending HB 4513 protects self-custody and node operation, introduced May 23, 2025, pending 4.25% state income tax; federal capital gains tax (15–20%) applies to crypto profits Crypto not legal tender; regulated under federal securities and state money transmission laws ~900,000 residents (~9% of population) use crypto; $10B in transactions (2023–2024) May 13, 2025, designated as “Digital Asset Awareness Day”