Short News

South Carolina Joins the Bitcoin Revolution

Qadir AK28 Mar 20251 min read

South Carolina has introduced the Bitcoin Reserve Bill (H4256), allowing the State Treasurer to invest up to 10% of state funds in Bitcoin, with a cap of 1 million BTC. If passed, this move would make South Carolina one of the first U.S. states to officially allocate public funds to Bitcoin. The bill reflects growing institutional interest in Bitcoin as a store of value, signaling a potential shift in how states manage their financial reserves.

#Bitcoin

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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