South Dakota lawmaker revives Bitcoin reserve push

A South Dakota lawmaker has introduced a renewed bill that would allow the state to invest public funds in Bitcoin, about a year after a similar proposal stalled in the legislature.

Republican Representative Logan Manhart introduced House Bill 1155 on Tuesday, which would permit the State Investment Council to allocate up to 10% of public funds to Bitcoin.

“Strong money. Strong state,”

Manhart said in a post on X announcing the bill.

The proposal closely mirrors legislation Manhart introduced shortly after taking office in 2025, which was ultimately deferred and not signed into law.

If approved, South Dakota would join states such as Texas, Arizona and New Hampshire, which have passed laws allowing Bitcoin investments or the holding of seized crypto assets.

The renewed effort comes as interest in Bitcoin reserves grows at the state level, even as similar initiatives face hurdles at the federal level.

While US President Donald Trump signed an executive order in March 2025 to establish a Strategic Bitcoin Reserve, White House Crypto Council director Patrick Witt has said unresolved legal issues continue to delay its implementation.

At the time of reporting, Bitcoin price was $89,314.77.