South Dakota Lawmaker Revives Bitcoin Reserve Bill Proposal, Suggests Investing up to 10% Public Funds

Background Introduction

South Dakota Representative Logan Manhart recently reintroduced the Bitcoin reserve bill (HB 1155), proposing to allow the state investment council to allocate up to 10% of public funds to Bitcoin. This bill is similar to the one he submitted in 2025, which was shelved, with only minor adjustments made.

Potential Impact

If the bill is eventually passed and signed into law, South Dakota will become the fourth state, after Texas, Arizona, and New Hampshire, to allow Bitcoin to be included in state-level asset allocation. This marks further recognition of Bitcoin in the mainstream financial sector.

Market Reaction

• The cryptocurrency market generally welcomed the news, with Bitcoin prices rising slightly.
• Some financial experts remain cautious, emphasizing the need to monitor potential risks.