According to recent legislative updates, Michigan’s proposed law to build a Michigan Bitcoin reserve has passed to its second reading in the House. Below are fresh figures and verified data to help readers understand what that means, and why it matters now. Michigan’s HB 4087 would allow the state treasurer to allocate up to 10% of funds from the general fund and economic stabilization fund into cryptocurrency assets. It sets specific rules for custody: either via a secure custody solution, a qualified custodian (like a regulated bank or trust company), or via exchange-traded products from registered investment companies.