Florida lawmakers have introduced House Bill 1039 to advance the establishment of a state-level Bitcoin reserve.

PANews reported on January 8th, citing Coindoo, that Florida lawmakers are reviving plans to include digital assets on the state's balance sheet, this time with a strictly defined framework that effectively only includes Bitcoin in the eligibility pool. Representative John Snyder introduced House Bill 1039, which would lay the legal foundation for a state-level strategic cryptocurrency reserve. At the heart of the bill is a stringent eligibility threshold. Any cryptocurrency purchased for the reserve must have an average market capitalization of at least $500 billion over the past 24 months. In practice, this requirement currently only includes Bitcoin in the reserve, as its market capitalization is still well above $1 trillion. Other major assets, including Ethereum, do not meet this benchmark.

Snyder's efforts have received support in the Senate. Joe Gruters previously introduced Senate Bills 1038 and 1040 in December 2025 , which together would establish a reserve and set up a trust fund to hold and manage digital assets on behalf of the state.