Bill Resurfaces After Long Stall
Michigan’s long-delayed Bitcoin reserve bill is finally moving again. After sitting dormant for seven months, House Bill 4087 advanced this week, clearing procedural hurdles and landing in the Government Operations Committee. The proposal, introduced in February, would allow the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds into Bitcoin and other cryptocurrencies.
The bill is co-sponsored by Republican Representatives Bryan Posthumus and Ron Robinson, and it reflects Michigan’s ambition to join states like Texas, New Hampshire, and Arizona, which have already passed Bitcoin reserve laws.
Push Toward State-Level Bitcoin Adoption
For many advocates, Michigan’s progress signals a much larger trend across the U.S. Kadan Stadelmann, CTO at Komodo Platform, framed it as part of an unstoppable wave:
Stadelmann argued that Michigan’s version of the bill includes tighter security measures than earlier failed attempts in states like Florida. These provisions require the state to use a “qualified custodian”, maintain exclusive control of private keys, and implement “disaster recovery protocols” alongside regular audits and penetration testing.
Setting Precedent for Neighboring States
If passed, Michigan’s legislation could trigger ripple effects across the Midwest. According to Stadelmann, success in the Wolverine State would put pressure on Illinois, Ohio, and Pennsylvania to revive their own proposals:
With Bitcoin currently trading near $117,000, some critics worry that Michigan could be “buying the top.” But Stadelmann brushed off the concern, calling Bitcoin a “geopolitically significant asset” that both nation-states and U.S. states are naturally accumulating as global financial power shifts.
Beyond Bitcoin: Gold, Silver, and Multipolar Finance
Stadelmann also stressed that focusing solely on Bitcoin would be short-sighted. He pointed to El Salvador’s reported gold purchases and noted that the U.S. Constitution enshrines gold and silver as monetary assets. For him, a balanced reserve strategy would include Bitcoin, gold, and silver to prepare for a “multi-polar world” where the U.S. dollar may no longer dominate global finance alone.
Growing Movement Across the U.S.
Michigan’s bill is part of a nationwide push for state-level Bitcoin reserves. According to BitcoinLaws.io, about 47 states have introduced or considered similar legislation, with 26 states currently carrying active bills.
The momentum isn’t just at the state level. Earlier this month, the U.S. House advanced an appropriations bill directing the Treasury Department to study a Strategic Bitcoin Reserve. That study will cover custody models, cybersecurity protections, and accounting standards—all major roadblocks for implementing such reserves at scale.
For now, Michigan’s revival of House Bill 4087 marks a turning point, showing that Bitcoin adoption at the state level is far from slowing down. As Stadelmann put it:
