Golden Finance reported that according to The Street, the US state of Florida is expected to launch a strategic Bitcoin reserve in the first quarter of 2025. Samuel Armes, president of the Florida Blockchain Business Association (FBBA), said that Florida is “very likely to establish a strategic Bitcoin reserve during the upcoming legislative session, which will begin in the first quarter of 2025.” It is reported that the plan is based on Florida’s existing investments in Bitcoin and crypto-related assets, which are made through its $185.7 billion pension fund, which is the fourth largest pension fund in the United States. Armes said: “Florida has Invested in Bitcoin and crypto-related assets through our pension funds.” He recommended allocating 1% of Florida’s $185.7 billion pension fund, or $1.857 billion.