Florida Bill 1039 Advances Plan for State Bitcoin Reserve with $500 Billion Threshold

On 8 January 2026, Florida lawmakers advanced a new effort to create a state-level strategic cryptocurrency reserve, with eligibility rules that currently restrict holdings to Bitcoin. House Bill 1039, backed by Representative John Snyder and companion Senate bills SB 1038 and SB 1040, would establish the reserve and a trust fund to manage digital assets, using a $500 billion average market capitalization requirement over 24 months as the key filter. Supporters pitch the move as a diversification tool following federal action in 2025, while critics highlight Bitcoin's sharp price swings and unresolved regulatory questions ahead of a conditional effective date of July 1, 2026.