The Oklahoma House of Representatives passed the Strategic Bitcoin Reserve Act on a firm 77-15 margin.
The bill enables the state to invest up to 10% of public funds in Bitcoin or any other digital assets with a market capitalization exceeding $500 billion in the previous year.
This move reflects the growing national interest in state Bitcoin reserves and aligns Oklahoma with other states contemplating similar digital currency investments.
Supporters argue that Bitcoin's limited supply makes it an effective hedge against inflation, while critics are concerned about its volatility and impact on public funds.