Michigan

Michigan Lawmakers Propose Bitcoin Reserve Investment Plan for State Treasury

Leave a Comment / Lawmakers, Michigan / Avery Clarkson

A new legislative proposal in Michigan seeks to create a Bitcoin reserve as part of the state’s financial strategy. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to update the state’s Management and Budget Act by incorporating Bitcoin investments. With this, Michigan now joins 19 other states […]

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Michigan State Retirement Fund Now Holds More Ethereum Than Bitcoin

Leave a Comment / Michigan, State / azlan90

The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13

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