State of Florida Takes Bold Step to Buy Up to $1.5 Billion in Bitcoin

Florida is set to become a potential leader in public sector adoption of Bitcoin. Republican Senator Jason Brodeur’s Senate Bill 487 seeks to enable the state government to invest part of its reserve money in Bitcoin. The bill is meant to enable the Department of Financial Services to consider and put in place a plan for the purchase and holding of Bitcoin as a treasury asset.

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Show Notes / News Resources:
✔ https://x.com/CryptoNewsYes
✔ Bitcoin Technical Analysis: https://cointelegraph.com/news/crypto-trading-firm-warns-classic-bull-trap-abitcoin-tags-82-7-k
✔ Atkins becomes next SEC chair: What’s next for the crypto industry: https://cointelegraph.com/news/atkins-sec-crypto-industry-trump
✔ Top Bitcoin miners produced nearly $800M of BTC in Q1 2025: https://cointelegraph.com/news/bitcoin-miners-produce-800-million-btc-first-quarter
✔ Tokenized gold volume hits $1B first time since 2023 US banking crisis: https://cointelegraph.com/news/tokenized-gold-hits-1-b-high-first-2023-us-banking-crisis
✔ Bitwise doubles down on $200K Bitcoin price prediction amid trade tension: https://cointelegraph.com/news/bitwise-doubles-down-200000-bitcoin-prediction-trade-tensions
✔ State of Florida Takes Bold Step to Buy Up to $1.5 Billion in Bitcoin: https://www.cryptoninjas.net/news/florida-takes-bold-step-to-add-bitcoin-to-state-treasury-reserve/

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