Kansas lawmakers have introduced Senate Bill 352 proposing a state-managed reserve of bitcoin and digital assets.
The proposal outlines a framework that avoids direct cryptocurrency purchases using public funds.
Instead, the reserve would be capitalised through abandoned or unclaimed digital assets already under state control.
These assets could include dormant wallets, staking rewards, airdrops, and interest generated over time.
Once classified as unclaimed property, the digital assets would be transferred into a newly created state fund.
Oversight of the reserve would fall under the authority of the Kansas State Treasurer.
The bill specifies that ten percent of non-bitcoin digital deposits would be directed to the state general fund.
Bitcoin holdings would be treated differently and stored in a separate, dedicated reserve compartment.
Lawmakers say this structure allows exposure to bitcoin without risking taxpayer money.
The bill also amends existing Kansas statutes to update the legal definition of digital assets.