An Illinois state legislator in the United States has proposed a new bill to allow public funds to invest in Bitcoin treasury company stocks.

2026-03-31 12:06:22

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Deep Tide TechFlow message, March 31, according to Bitcoin Treasuries, Illinois State Senator Steve McClure introduced the SB3672 bill—the “Local Government Digital Asset Investment Act”—which would amend the state’s “Public Funds Investment Act,” allowing public institutions to allocate up to 5% of public funds to Bitcoin-related financial products.

Under the bill’s definition, eligible “digital asset stocks” must be equity of a publicly listed company, and the company must have, verified by its most recent audited financial statements, at least 25% of its total assets held in Bitcoin or other digital currencies. This threshold brings companies such as Strategy, Twenty One Capital, Metaplanet, and Semler Scientific—firms that center their strategies on Bitcoin accumulation—within the scope of eligible investments. The bill also allows public funds to invest in Bitcoin ETFs and Bitcoin bonds, and it includes transparency requirements as well.

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