Representative Brenden Jones introduced the House version on March 24, while the Senate version was introduced the next day.
Legislators in North Carolina have proposed two legislation that may allow cryptocurrencies, including Bitcoin, to be included in the investment portfolios of the state’s retirement funds.
The proposed legislation, known as the State Investment Modernization Act (Senate Bill 709) and the Investment Modernization Act (House Bill 506), has been filed in both the House and the Senate to update the state’s approach to long-term investment plans.
Representative Brenden Jones introduced the House version on March 24, while the Senate version was introduced the next day.
North Carolina bills seek to create investment authority for digital assets
The proposals suggest creating the North Carolina Investment Authority, an independent agency under the state Treasury, to assess and oversee investments in digital assets.
The body might invest up to 5% of different state pension funds in digital assets if it is authorized.
Cryptocurrencies, stablecoins, NFTs, and other electronic assets with property or economic rights are all included in the wide definition of “digital assets.”
The measures from North Carolina do not demand a minimum market capitalization for qualifying assets, in contrast to previous state-level cryptocurrency proposals.
Any item that is being examined for investment, however, needs to go through a rigorous risk and reward analysis, and the money needs to be kept in safe custody.
The proposals allow cryptocurrency investments, but they don’t require the state to store Bitcoin or any other asset for an extended period of time.
The plan is not a “Bitcoin reserve bill,” according to cryptocurrency policy tracker Bitcoin Laws, who highlighted its flexibility in terms of asset selection on X.
🚨 NEW: North Carolina Bitcoin Investment Bill
House Bill 506 would create a new independent NC Investment Authority headed by the Treasurer.
The NCIA would have authority to invest 5% of various state funds in digital assets. pic.twitter.com/YuYmI8YyY2
— Bitcoin Laws (@Bitcoin_Laws) March 25, 2025
Separately, North Carolina is debating Senate Bill 327, which was presented on March 18 and is known as the Bitcoin Reserve and Investment Act.
According to this measure, up to 10% of public expenditures might be allocated exclusively to Bitcoin.
Bitcoin would be stored in multi-signature cold storage wallets and would only be liquidated with two-thirds of the General Assembly’s consent in the event of a financial emergency.
A Bitcoin Economic Advisory Board is also to be established, according to the law.
41 Bitcoin reserve bills emerge across 23 states
The action taken by North Carolina coincides with an increasing number of comparable laws being introduced around the country. Bitcoin Laws reports that 23 states have introduced 41 Bitcoin reserve measures, while another 35 are still being considered.
House Bill 701, sometimes referred to as the “Bitcoin Rights” bill, was been formally signed into law by Kentucky Governor Andy Beshear, making the state one of the most recent to pass laws safeguarding users and operations of digital assets.
Similar actions are being taken by other states. Representative Cody Maynard’s Strategic Bitcoin Reserve Act (HB 1203), which was recently approved by the House 77–15, is now pending a Senate vote.
Oklahoma and Texas are currently tied for second place in the competition to create state-level Bitcoin reserves, according to Bitcoin Laws.
With its own Bitcoin reserve plan under examination by the Special Committee on Intergovernmental Affairs, Missouri is also involved.
Relatedly, on March 24, two significant Bitcoin measures in Arizona passed the House Rules Committee.
Why is GameStop token price up 30% today, and will it sustain?
Following GameStop’s approval of Bitcoin as its Treasury Reserve, the value of its token increased by 30%. Will the price of GME keep rising?
In 2024, GameStop became well-known after Roaring Kitty, a well-known financial influencer, endorsed its stock, GME. It’s interesting to note that a cryptocurrency coin was even developed on this, which was common in the crypto sector. As investors developed a relationship with the stock, the token’s value increased in tandem with the stock’s. It’s interesting to note that the gaming company has also taken a step toward cryptocurrency acceptance when a board member supported the adoption of Bitcoin, which led to a 30% increase in the price of GameStop tokens. Why? Let’s talk about this.
GameStop token price up 30% amid Bitcoin adoption approach
The decision to use Bitcoin (BTC) as its treasury reserve has been unanimously supported by GameStop’s board of members. The corporation announced changes to its investment strategy, including the inclusion of Bitcoin as a Treasury Reserve Asset, in an X post. It’s interesting to note that this choice supports Tesla’s Bitcoin connection with MicroStrategy.
An announcement regarding Bitcoin pic.twitter.com/gG8JRarIok
— GameStop (@gamestop) March 25, 2025
More significantly, Ryan Cohen, the CEO, had already made a suggestion. He previously shared a picture of himself with Michael Saylor, a Bitcoin enthusiast. Additionally, Matt Cole, the CEO of Strive Asset Management, pushed the gaming company to put almost $5 billion in crash reserves into Bitcoin.
The stock price increased as a result of this revelation, even though the company has not revealed the allocation. More significantly, according to CoinmarketCap, the price of the GameStop token increased by 30% and is now trading at $0.002365, with a market value of $16.28M.
This news is also a positive addition, since investor excitement has increased after Donald Trump signed the U.S. Strategic Bitcoin Reserve. Investors thus seized the chance, causing the trading volume to rise by 82% to $9.18M.
According to experts, the government’s decision to establish the reserve may be influenced by GameStop’s embrace of Bitcoin.
GME price’s 93% drop from ATH sparks concern
Due to its extended decline, even if the latest rebound is noteworthy, there is yet more to come. The optimistic cryptocurrency market and Roaring Kitty’s tweet contributed to the GME token’s January 2024 ATH top of $0.03201. However, the downward trend has persisted ever since.
Due to the lack of a notable bullish upswing this year, it is currently 93% lower than the ATH. More significantly, investors’ pessimistic views have taken hold, making the market less than ideal. The much-needed bullish impetus was provided by the company’s choice to use Bitcoin as its reserve holding.
Will the GameStop token price rally sustain?
The fact that the price of the GME token has declined from its high suggests that investors aren’t feeling enough assured. Additionally, its extended downward trend is visible on the chart, and the brief upswing may prompt sellers to seize the opportunity.
The rise may continue if investors maintain their high level of excitement over this Bitcoin integration. It will, however, need more updates, news on Bitcoin purchases, and comparable elements.
Notably, MicroStrategy’s purchase of Bitcoin caused the MSTR stock price to rise; comparable outcomes may occur for the GME stock price, which would have a direct impact on the price of the GameStop token.
Dogecoin whales stack 200M coins. Is a DOGE price rally next?
Over the past 14 days, Dogecoin whales have gone on a purchasing binge, indicating that a huge DOGE price surge is imminent.
This Wednesday, Dogecoin (DOGE) whales went on an incredible purchasing binge that sent shockwaves through the whole cryptocurrency market. Whales purchased 200 million bitcoin in the past 14 days, according to cryptocurrency market researcher Ali Martinez. Traders and investors respond by expressing strong optimism about the future of the DOGE price.
Dogecoin whales buy 200M coins in just 2 weeks
On March 26, analyst Ali Martinez said in an X post that 200 million coins had been stolen by Dogecoin whales in the previous two weeks. Despite wider price volatility, this accumulation story has strengthened market optimism on the meme coin’s price trajectory.
Whales have accumulated over 200 million #Dogecoin $DOGE in the past two weeks, showing strong confidence despite recent volatility. pic.twitter.com/hWtzq7BtYP
— Ali (@ali_charts) March 25, 2025
To put things in perspective, growing whale accumulations reflect increased market interest in the cryptocurrency. As a result of the increasing demand and purchasing pressure for the token, dealers and investors expect price increases.
Is Dogecoin recovering?
It’s important to note that the whale accumulations took place over the 14-day period from March 11 to 25, when the price of DOGE rebounded from $0.15 to $0.19. In just two weeks, the dog-themed meme cryptocurrency has increased by about 25%, following the trading moves of Dogecoin whales that provide price support.
DOGE price rally ahead?
The DOGE cryptocurrency was trading at $0.1910 at the time of writing, up over 5% intraday. In the last day, the meme currency has fallen and risen between $0.1825 and $0.1955.
In addition, the cryptocurrency’s weekly chart showed increases of 14%, which was consistent with the recent surge in purchases. With the help of whale data and other market trends, market observers continue to predict further increases in the future.
Crypto analyst sparks market optimism with bullish projection
In a recent post on X, another well-known market expert expressed a very optimistic view on the cryptocurrency. The DOGE price is completing the last phase of “cycle 3,” according to analyst “Trader Tardigrade.” This forecast emphasizes that a significant rise is anticipated based on past price movements. Concurrently, recent trade moves for Dogecoin whales have strengthened market expectations of a massive surge in the near future.
Futures OI adds market optimism
It’s also important to note that DOGE futures OI surged 6% today, hitting $1.94 billion. Additionally, according to Coinglass statistics, the amount of derivatives increased 16% to $4.09 billion.
Bullish feelings on long-term prospects were reinforced by this figure, which further highlighted a notable increase in market interest in the cryptocurrency. According to researchers, the price of Dogecoin is expected to rise by 10 times, as highlighted in a recent analysis. All things considered, the meme currency is presently riding a very strong wave and has taken the top rank on investors’ lists.
