South Dakota representative Logan Manhart has reintroduced legislation, House Bill 1155, to allow the state to invest up to 10% of its revenues in Bitcoin. The bill mandates high-security custody and signals a growing state-level trend of adopting digital assets as public treasury holdings.
Representative Logan Manhart has revived a legislative effort to integrate Bitcoin into South Dakota’s financial strategy. The bill would empower the State Investment Council to allocate a portion of state funds into the cryptocurrency.
This marks a second attempt after a stalled 2025 proposal. The legislation includes strict security protocols requiring private keys to be stored in multiple, state-controlled data centers.
By capping the potential investment at 10%, the state is pursuing a gradual, cautious approach. The goal is to treat Bitcoin as a legitimate public asset, following paths explored by Texas and Arizona.
South Dakota is not alone in this push, as several states are exploring similar measures. New Hampshire already permits limited digital asset investments, while Florida is also considering related legislation.
At the federal level, progress on a Strategic Bitcoin Reserve has been slow. Patrick Witt, Director of the White House Crypto Council, acknowledged legal complications have delayed the plan.
This legislative activity coincides with Bitcoin trading at approximately $89,199. Market data shows Bitcoin dominance near 59.55% and a bullish sentiment reading of 81%.
