North Carolina lawmakers are pushing for the inclusion of cryptocurrency in state retirement funds. The Investment Modernization Act (House Bill 506) introduced by Representative Brenden Jones on March 24 seeks to allocate up to 5% of state retirement funds into digital assets like Bitcoin. The bill proposes creating an independent authority under the state’s Treasury to determine which assets are suitable for investment.

A similar bill was introduced in the state Senate on March 25, named the State Investment Modernization Act (Senate Bill 709). These bills define digital assets as cryptocurrencies, stablecoins, NFTs, or any electronic asset that offers economic or proprietary rights. The North Carolina Investment Authority would assess risks and ensure the assets are stored securely.

This move aligns with growing interest in Bitcoin, as Senate Bill 327, introduced on March 18, calls for investing up to 10% of public funds into Bitcoin. North Carolina joins other states embracing cryptocurrencies as part of their economic growth strategy.

GameStop (GME) has made a bold move by adopting a bitcoin treasury strategy. The company announced alongside its fourth-quarter earnings report that its board has unanimously approved adding bitcoin as a reserve asset. This decision marks a significant step in the company’s efforts to modernize its financial strategy.

CEO Ryan Cohen sparked speculation earlier this year when he shared a photo with Michael Saylor the Executive Chairman of Strategy (MSTR) at Mar-a-Lago. Shortly after Strive Asset Management CEO Matt Cole sent a letter to Cohen urging GameStop to invest part of its nearly $5 billion cash reserves into bitcoin. Strive believes this could be a game-changing decision for GameStop’s financial future.

The company’s decision to embrace bitcoin reflects growing interest in cryptocurrency among traditional businesses. GameStop’s move positions it to be a leader in the gaming sector’s digital transformation creating exciting new possibilities for the future.

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