PANews reported on December 11 that according to Bitcoinist, Alabama Auditor General Andrew Sorrell proposed the establishment of a strategic Bitcoin reserve (SBR) to diversify the portfolio, enhance inflation resistance and enhance the state's financial strength. Sorrell believes that the long-term success of Bitcoin and crypto assets is inevitable, and pointed out that crypto assets, as a fast-growing asset class worth $3 trillion, have great potential for appreciation.

Sorrell suggested building the reserve by purchasing in batches over two years (dollar cost averaging) to reduce the risk of Bitcoin price fluctuations. In addition, he mentioned that this reserve could learn from the "US Strategic Bitcoin Reserve" model proposed by the Trump administration. The United States currently holds 207,189 Bitcoins (about $20 billion) and plans to further expand its reserves.

SBR's proposal has attracted attention at both the state and federal levels, and Florida and Pennsylvania are also promoting similar plans. Sorrell believes that this move will not only help state governments cope with the risk that the US dollar may lose its status as a global reserve currency, but also serve as collateral for future debt issuance and strengthen the state's balance sheet. He also emphasized that Bitcoin reserves should be held for the long term rather than for short-term profit, and it is expected that Bitcoin may reach a price of $1 million per coin in the future.