We, the undersigned citizens and residents of North Carolina, call on our state leaders to harness the promise of digital finance by establishing a strategic Bitcoin reserve that safeguards our fiscal future, creates jobs, attracts innovative businesses, and protects families from inflation.

Our home state of NC as of February 10, 2025 has officially introduced House Bill 92, spearheaded by House Speaker Destin Hall. This bill outlines clear investment requirements: digital assets must be part of an exchange traded product listed on major U.S. exchanges such as NYSE or NASDAQ, the market capitalization must have averaged at least $750 billion over the previous 12 months, and investments cannot exceed 10% of the total fund balance.

With $9.6 billion in reserve funds and $127 billion in retirement systems, this move represents a potential $13.7 billion Bitcoin investment. This is possibly the largest state-level crypto initiative ever proposed and a bold step toward financial sovereignty. 

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Securing the Financial Future of Every Family in Our State

Establishing a Bitcoin reserve will solidify North Carolina as a digital asset powerhouse, ensuring that our state remains a leader not only in the United States but globally. To our state leaders—the Governor, the North Carolina House of Representatives, the North Carolina Senate, and the State Treasurer—the time to act is now. 

Let us embrace this opportunity and transform North Carolina into a beacon of financial sovereignty and economic empowerment.

Why We Need a Strategic Bitcoin Reserve:

• Economic Growth & Job Creation: In an era of rapid financial transformation, a state-managed Bitcoin reserve positions North Carolina as a leader in digital innovation. This move will stimulate local economies by creating jobs in blockchain, technology, cybersecurity, research, and regulatory sectors.
  
  
• Fiscal Security: Like historical reserve assets such as gold and silver, Bitcoin offers a modern hedge against inflation and economic volatility. By diversifying our state’s assets, we can better manage risk and ensure fiscal stability protecting families across the state.
• Local Empowerment: State sovereignty is a fundamental principle of American governance. A tailored Bitcoin reserve enables our state to craft a fiscal strategy that meets North Carolina’s unique economic needs, independent of a one size fits all federal approach.
  
  
• Enhanced Transaction Efficiency: Embracing Bitcoin can modernize our financial transactions. By enabling the state to receive payments for taxes, administrative fees, and other related transactions in Bitcoin, we can streamline processes and boost efficiency.

Given North Carolina’s dynamic tech, educational, and financial hubs, a strategic Bitcoin reserve will further create jobs, protect family finances, advance education, and potentially lower taxes.

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Our Call to Action:

We urge the Governor, the North Carolina House of Representatives, the North Carolina Senate, and the State Treasurer to:

• Support and Enact Legislation: Establish a strategic Bitcoin reserve in North Carolina. A Bitcoin Reserve would protect family savings from inflation, unlock new opportunities for entrepreneurs, and lay the groundwork for a stronger, more resilient economic future for the next generation.
  
  
• Implement Robust Investment Criteria: Ensure digital asset investments adhere to the outlined standards in alignment with HB92: assets must be part of exchange traded products on major U.S. exchanges, meet market capitalization benchmarks, and not exceed 10% of the total fund balance.
  
  
• Champion State-Level Innovation: Recognize that local fiscal policy innovation preserves our economic sovereignty and lays the groundwork for a resilient and prosperous future.
• Modernize Financial Transactions: Enable the state to accept Bitcoin as payment for taxes, administrative fees, and other related transactions, streamlining processes and promoting digital efficiency.

By signing this petition, you support a secure, innovative, and prosperous future for North Carolina—one that leverages the power of digital assets to safeguard our economic destiny and uplift every family in our state. 

Please sign below and share with fellow North Carolinians who believe in a future where our state takes control of its financial destiny.