Part 3/7:
The legislation delineates three main methods by which Florida can invest in Bitcoin:
- Direct Holding of Bitcoin
- The state can hold Bitcoin directly using a secure custody solution through a qualified custodian.
- Investment via ETFs
- Alternatively, Florida can invest in approved Bitcoin ETFs, compliant with the U.S. Securities and Exchange Commission.
- Loaning Bitcoin
- The bill also allows for the potential lending of Bitcoin holdings, enabling the state to generate additional revenue without incurring excessive financial risk.