Three bills have been filed in Florida by lawmakers to establish a state-operated crypto reserve to house Bitcoin. The proposals introduce a minimum of $500 ⁻ billion market-cap threshold of qualified digital assets.
House Bill 1039 was registered by Representative John Snyder, with an aim of creating a state-based reserve; companion bills SB 1040 and SB 1038 were introduced by Senator Joe Gruters.
The bills are part of an executive order by President Trump in March 2025 establishing a federal Strategic Bitcoin Reserve. Similar initiatives are being sought by many states.
Market Cap Requirements Lock Out Most Cryptos
The rules are very strict in terms of qualification: assets should have an average market capitalization of 500billion and above in 24 months.
Currently, the only eligible one is Bitcoin, with a market capitalization of over $1 trillion. The limit of about 380 billion in Ethereum is below the mark.
Previous Florida crypto bills failed in 2025. HB487 and SB550 were abandoned in May, and Representative Webster Barnaby introduced HB183 in October with new provisions.
States Race to Build Digital Asset Stockpiles
Last December, Texas became the first state to invest in a crypto reserve by purchasing $5m of Bitcoin. In New Hampshire, the law allows investment of 5 % of the government funds in digital assets. Arizona passed cryptocurrency seizure provisions. The Senate bills by Senator Gruters are presented as a diversification strategy.
The reserve would increase with the legal recoveries and blockchain rewards. Bitcoin climbed to highs of over 126,198 in October 2025 but dropped significantly toward the end of the month. It currently trades around $90,000.
Critics object to investment in volatile assets, with supporters asserting that it can even protect against inflation, just like gold reserves. The CLARITY bill and the GENIUS Act aim at enhancing regulatory oversight.
The bills seek to start on July 1, 2026, to place Florida in the rising digital economy. They are yet to be reviewed by committees and voted on the floor.
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