New Mexico has formally introduced a Bitcoin Reserve bill allowing it to invest 5% of public funds into BTC. This makes it the 15th state to join the effort, highlighting an increasing interest in Bitcoin reserves across the U.S.

While Arizona continues to lead the BTC Reserve initiative with its bill on the verge of a general vote, other states like North Dakota and Wyoming have seen their initiatives fail. Polymarket indicates less than a 50% chance of establishing a national BTC Reserve framework.