North Carolina House Approves Bill to Allow Crypto Investments for State Funds
In a landmark move for digital asset adoption, the North Carolina House of Representatives has officially passed House Bill 92 (HB 92), which permits the State Treasurer to allocate up to 5% of the state’s funds into cryptocurrencies like Bitcoin.
The bill, which passed with a 71–44 vote on April 30, 2025, opens the door for North Carolina to begin building a crypto reserve—a significant step that could influence other states to follow suit. The legislation outlines a framework allowing the Treasurer to diversify state investments, particularly amid rising institutional interest in digital assets.
The bill’s journey through the legislative process was swift. It passed both the second and third readings in the House on the same day and is now expected to move to the Senate for further deliberation. The move comes as interest in state-level crypto integration gains traction across the U.S., driven by increasing confidence in blockchain technology and digital currencies.
HB 92 could position North Carolina as one of the first U.S. states to formally integrate crypto into its treasury strategy. If enacted, it may lead to strategic allocations in assets such as BTC, potentially boosting both the local blockchain economy and state-level preparedness in digital finance.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
