Montana has officially advanced its Bitcoin reserve bill, becoming the fourth state in the U.S. To take this step. This move allows the state to create a special revenue account to invest in digital assets, including Bitcoin, with a significant market cap.

House Bill No. 429 passed with a 12-8 vote, showcasing unanimous support from Republicans while Democrats opposed it. If approved, the bill permits a transfer of up to 50 million USD for investments in Bitcoin and precious metals.

Upon potential approval by the Montana House, the bill could come into effect on July 1, allowing for significant investment opportunities in the cryptocurrency sector, particularly focused on Bitcoin.