Oklahoma’s Bitcoin Reserve Bill Passes State House Vote Despite BTC Price Crash

Oklahoma has made strides towards adopting Bitcoin as part of its state treasury investments, with the passage of the Strategic Bitcoin Reserve Bill (House Bill 1203) by the State House Committee. Despite Bitcoin’s recent crash, which saw the price drop below $90,000 for the first time since November 2024, the bill passed with a decisive 12-2 vote. The legislation will now proceed to a full vote in the House of Representatives, with the potential to see the state allocate 10% of its public funds into Bitcoin or other digital assets with a market value over $500 billion.

The bill made progress as Bitcoin’s market performance has recently faltered, with BTC experiencing a 6.78% decline on February 25, 2025. Although Bitcoin has shown a slight recovery, its price is still hovering below the $90,000 mark. This fluctuation is stirring debate about the long-term viability of Bitcoin in state treasuries. Nevertheless, the push for Bitcoin reserves continues to gain momentum across various U.S. states, including Oklahoma, where Rep. Cody Maynard has been leading the charge.

Oklahoma joins a growing list of states that are considering or have already passed similar Bitcoin reserve bills. Currently, at least 25 states are exploring legislation to integrate Bitcoin into state financial strategies, though Oklahoma's bill is one of the few making significant headway. The state’s Bitcoin Freedom Act, introduced earlier this year, also seeks to allow workers to be paid in Bitcoin and businesses to accept BTC payments, further solidifying the state’s commitment to cryptocurrency adoption.

Despite the market downturn, Oklahoma’s moves reflect a broader trend of Bitcoin becoming increasingly integrated into state-level financial strategies. While the volatility of BTC may raise concerns, the decision to pass such a bill suggests a growing belief in its potential long-term value. If the Strategic Bitcoin Reserve Bill succeeds in the House, Oklahoma could become a leading example of state-driven Bitcoin adoption amidst a turbulent crypto market.