PANews reported on February 14 that according to Cointelegraph, Michigan has become the latest state in the United States to propose a Bitcoin reserve bill, marking that 20 states in the United States have been promoting legislation on crypto reserves. On February 13, 2025, Congressmen Bryan Posthumus and Ron Robinson submitted HB 4087, which aims to amend Michigan's Management and Budget Act to establish a strategic Bitcoin reserve for the state government.

The bill allows the Michigan Secretary of the Treasury to invest in cryptocurrencies from the general fund and the economic stabilization fund, with a maximum of 10%, and does not restrict or guide the types of cryptocurrencies that can be purchased. The bill also states that if cryptocurrency lending does not increase financial risks, the Secretary of the Treasury can lend cryptocurrencies to obtain further benefits.

In addition, Posthumus also mentioned the launch of a stablecoin called "MichCoin", which will be pegged to gold and silver reserves to enhance its actual value.