Missouri state laws advanced the Bitcoin strategic reserve bill (House Bill 2080) last week and referred it to the House Commerce Committee. Introduced by Representative Ben Keathley in January, this bill authorizes the state treasurer to purchase, invest in, and hold BTC using state funds. MicroStrategy CEO Michael Saylor’s corporate BTC accumulation strategy is inspiring states, and Missouri could be a pioneer with this step.
Main Provisions of Missouri HB 2080 Bill
The bill allows the treasurer to accept gifts, grants, and donations from Missouri residents or government entities. It can hold the BTC reserve for five years, then perform transfers, sales, or conversions to other tokens. Critical restriction: Transactions with countries or entities outside Missouri are prohibited. This is an approach focused on protecting the local economy.
BTC and Crypto Acceptance in Government Payments
Another important provision of the bill mandates that government entities accept revenue department-approved cryptocurrencies for taxes, fees, penalties, and other payments. A public hearing, vote, and possible amendments are expected in the House Commerce Committee; the effective date is proposed as August 28, 2026. Last year’s similar HB 1217 failed in the committee stage.
BTC Technical Analysis: Current Market Conditions
Today’s BTC price is at 65,799.02 USD level, down -2.78% in the last 24 hours. RSI 33.31 (oversold region), Supertrend bearish, EMA 20: 70,208.97. Downtrend dominant; no short-term recovery signal. Click for detailed BTC analysis.
Institutional BTC Holders and Missouri Impact
Turkish Net Holding (NTHOL.IS) ranks 74th among institutional holders with 352 BTC, while Bitdeer zeroed out its ~2,000 BTC on February 20. Saylor’s BTC purchases through preferred stock strategy could serve as a model for state reserves. Missouri’s step could accelerate institutional and state BTC accumulation in the US. The BTC futures market is increasing volatility.
BTC Support and Resistance Levels
| Level | Price (USD) | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Support) | 65,631.83 | 86/100 ⭐ | -0.20% | Swing Low, MACD, Fibo |
| S2 (Support) | 60,000.00 | 62/100 ⭐ | -8.77% | Fibonacci |
| R1 (Resistance) | 65,914.07 | 73/100 ⭐ | +0.22% | Pivot, Fibo, Prev High |
| R2 (Resistance) | 68,224.86 | 72/100 ⭐ | +3.74% | Fibonacci |
S1 is strong support; if broken, S2 could be tested. Investors may consider diversification with ALT coins.
Source: MartyPartySource: https://en.coinotag.com/missouri-hb-2080-btc-reserve-bill-advances
