North Dakota Bitcoin Reserves and Cryptocurrency Laws

North Dakota Bitcoin Reserves and Cryptocurrency Legislation

North Dakota Bitcoin Reserve Overview

No Official Reserves
Friendly Regulatory Status
Bitcoin Freedom Act Supports Crypto Transactions

North Dakota Bitcoin Reserves

North Dakota Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
North Dakota (ND)	No Official Reserves	0%	Friendly	2025-02-24	SB 325 (2025): Bitcoin Freedom Act, allows state employees and vendors to transact in Bitcoin; pending as of May 2025 HB 1184 (2025): Proposed Strategic Bitcoin Reserve, defeated in House vote (57–32) on February 24, 2025 HB 1339 (2023): Exempts cryptocurrencies from state money transmission laws, easing business operations State income tax (1.1–2.9%) and federal capital gains tax (15–20%) apply to crypto earnings ~20,000 residents (~2.5% of population) use crypto; $400M in transactions (2023–2024, est.) Approximately 5 Bitcoin ATMs, primarily in Fargo and Bismarck (2024) Three Bitcoin-related bills tracked in 2025, including SB 325 and HB 1184

North Dakota Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

North Dakota has not established a state Bitcoin reserve. HB 1184, which proposed a Strategic Bitcoin Reserve, was defeated in a House vote (57–32) on February 24, 2025. The state’s regulatory environment is crypto-friendly, with HB 1339 (2023) exempting cryptocurrencies from money transmission laws. The Bitcoin Freedom Act (SB 325, 2025) proposes allowing state employees and vendors to transact in Bitcoin, reinforcing North Dakota’s support for crypto adoption, but it remains pending.

No funds have been allocated for Bitcoin reserves due to HB 1184’s failure. North Dakota prioritizes crypto transaction freedom over state-held reserves.

2/24/2025

DEFEATED

HB 1184, proposing a Strategic Bitcoin Reserve, was defeated in a House vote (57–32).

1/10/2025

PROPOSED

SB 325, the Bitcoin Freedom Act, was introduced, allowing state employees and vendors to transact in Bitcoin; the bill is pending.

1/10/2025

PROPOSED

HB 1184 was introduced, proposing a Strategic Bitcoin Reserve to diversify state funds with digital assets.

6/1/2023

SIGNED INTO LAW

HB 1339 was enacted, exempting cryptocurrencies from state money transmission laws, easing business operations.

North Dakota Bitcoin Reserves and Cryptocurrency Legislation

North Dakota Bitcoin Reserve Overview