North Carolina, USA Bitcoin Reserves and Cryptocurrency Policies
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North Carolina, USA Bitcoin Reserves and Cryptocurrency Policies

North Carolina pioneers a Strategic Bitcoin Reserve with up to 5% of its $127B portfolio allocated to Bitcoin, supported by a crypto-friendly environment and no state income tax as of May 2025.

Bitcoin Reserves

~500โ€“1,000 BTC via ETPs
Valued at ~$50Mโ€“$100M (May 2025)

Regulatory Stance

Friendly
No state income tax; regulated VASPs

Government Activity

HB 92 and SB 327 establish BTC reserve
Blockchain task force proposed

North Carolina Cryptocurrency Profile

State BTC Reserves % of Global Holdings Legal Status Last Updated Key Policies
North Carolina, USA ~500โ€“1,000 BTC Estimated ~0.005% Friendly 2025-05-21
  • HB 92 allows 5% of state pension funds to invest in Bitcoin via ETPs (passed April 30, 2025)
  • SB 327 authorizes up to 10% of public funds for Bitcoin investment (passed 2025)
  • House Bill 506 and Senate Bill 709 reinforce 5% allocation for retirement funds (introduced 2025)
  • No state income tax (fully phased out by 2025); capital gains taxed federally
  • Crypto not legal tender; regulated under federal securities and state money transmission laws
  • ~1.2M residents (~11% of population) use crypto; $8B in transactions (2023โ€“2024)
  • Senate Bill 1352 proposes blockchain task force and crypto payment studies (pending 2025)