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South Dakota Representative Introduces Bill to Let State Invest Up to 10% of Public Funds in Bitcoin

House Bill 1155, introduced by Republican Rep. Logan Manhart, would allow a portion of South Dakota’s public funds to be allocated to Bitcoin and outlines custody and approval requirements.

1h agoJan 27, 2026, 11:43 PMNewsroom AI

Representative Logan Manhart introduced House Bill 1155, which would permit South Dakota’s State Investment Council to allocate up to 10% of public funds to Bitcoin as part of a state reserve strategy [1][2][4].

The proposal emphasizes secure custodianship and transaction approvals for any Bitcoin holdings and is presented as a move to establish Bitcoin as a strategic reserve asset for the state [2][3].

Coverage notes the bill revives a prior proposal to create a state Bitcoin reserve and aligns South Dakota with other U.S. states exploring cryptocurrency allocations for public funds [4][1].

If enacted, HB 1155 would formalize a mechanism for strategic diversification of South Dakota’s public funds into Bitcoin and set custody and approval standards for such investments [1][3].

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Citations

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  1. 1
    South Dakota Proposes Bill Allowing State to Invest in Bitcoin
    Bitcoin Magazine• Jan 27, 2026
  2. 2
    South Dakota Proposes Bill for Bitcoin Investment Strategy
    defiliban.com• Jan 27, 2026
  3. 3
    Strategic Bitcoin Reserve: South Dakota Introduces Bill to Invest in BTC as U.S. States Explore Crypto
    CoinGape• Jan 27, 2026
  4. 4
    South Dakota Bill Proposes Bitcoin Reserve Investment
    NFTenex• Jan 27, 2026

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