Florida advances Bitcoin reserve plan: $500 billion market cap threshold now only met by Bitcoin

2026-01-08 10:46:14

【ChainNews】Florida, USA, is taking frequent actions. According to reports, the state legislators recently revived an ambitious plan—formally incorporating digital assets into the state’s balance sheet. But this is not an unprincipled open door; careful work has been done when drafting the framework.

The key point is this: any cryptocurrency wishing to enter the state reserve must have an average market capitalization of over $500 billion in the past 24 months. This may sound like a low threshold, but in reality, the screening is extremely strict—currently, only Bitcoin can consistently meet this requirement in the entire market, with a market cap well over $1 trillion. Ethereum? Other top assets? They still fall short for now.

The legislator pushing this initiative introduced House Bill No. 1039, aiming to pave the way for a state-level strategic digital asset reserve. Interestingly, this proposal also received a response in the Senate—another legislator previously submitted two supporting bills in December 2025, planning to establish a reserve mechanism and set up a dedicated trust fund. This trust would be held and managed by the state government, effectively providing legal double insurance.

In other words, Florida’s combination of measures aims to use assets like Bitcoin, which have stable market value and high liquidity, to bolster the state treasury. This is the first time in the United States that such a clear legal framework has been established at the state level.

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ProbablyNothing

· 01-09 16:57

Florida's move is brilliant. The 500 billion threshold seems simple, but it's actually saying "as long as it's Bitcoin"... Clever. Wait, is Ethereum really not enough? How is that possible? Is this data a bit off? But speaking of which, if the government really starts accumulating coins, it's definitely a signal. The crypto circle should celebrate for a while. These politicians finally understand: they can't part with the children to catch the wolf. Florida's move is well played, but it feels like they're just waiting for Bitcoin to take off again.

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NftRegretMachine

· 01-09 04:21

Wow, a 500 billion market cap threshold sounds generous, but turn around and only BTC qualifies? These guys are really rolling out the red carpet for Bitcoin.

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ForeverBuyingDips

· 01-08 11:16

Hmm... Florida really treats Bitcoin as its lifeline. The threshold is set specifically to create a backdoor for BTC. Let's see when it actually lands; this feels like all hype. With a market cap of 500 billion, smart people can see what’s really going on. Wow, Ethereum still lags behind; it seems it will take time to catch up. Policy friendliness is one thing, but the key is whether they can truly deliver later on.

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consensus_failure

· 01-08 11:16

Florida's approach is quite clever; officially open but only allowing Bitcoin in. Ethereum almost made it? Uh, not almost, but quite a bit, haha. BTC's stability this round is indeed top-notch, but it feels like it's just paving the red carpet for institutions. If it really passes, will it trigger a rush across all US states? The threshold is set quite carefully, seeming fair but actually a covert strategy. Why does it feel like Florida just wants Bitcoin, and other cryptocurrencies don't even get a ticket? Wait, is the 500 billion figure really set arbitrarily? It just feels like it's meant to lock out other assets.

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GateUser-a606bf0c

· 01-08 11:16

This move in Florida is pretty good, setting the threshold directly at 500 billion. It seems open but is actually just reserving a spot for BTC. ETH, wait a bit longer haha.

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NeverVoteOnDAO

· 01-08 11:08

This move in Florida is amazing. On the surface, they talk about opening the 500 billion threshold, but in reality, it's just a pretext to favor Bitcoin. Is Ethereum really just that close? That logic is a bit heartbreaking.

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MetaEggplant

· 01-08 11:02

BTC dominates the leaderboard, while Ethereum is still gathering dust outside. The $500 billion threshold is no joke. This move in Florida, to put it simply, is just about Bitcoin; forget about the others. It's hilarious. Wait, isn't this logic essentially an official endorsement of BTC? No matter how much other coins try, they can't get into the system. It's pretty bleak. Filtering by a market cap of 500 billion? Sounds grand, but in reality, only one coin meets the criteria. It just shows that we only care about Bitcoin. Ethereum falling just short is truly despairing. Its market cap is stuck outside, watching BTC get in. That must feel so frustrating. Florida's move is ruthless. Under the guise of framing, it's really just betting on Bitcoin. Other projects have no chance. U.S. states are starting to compete over Bitcoin reserves. Before long, the whole world will follow suit. It feels like the trend is already set.

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NftMetaversePainter

· 01-08 10:53

actually, the algorithmic gatekeeping mechanism here is what fascinates me... that 500B market cap filter? it's basically a hash function designed to collapse the entire digital asset namespace into a singular primitive. only bitcoin survives the topological constraints. genius, tbh

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