U.S. Senator Ant Thornton submitted a "Strategic Bitcoin Reserves Act" to the New Mexico Senate, proposing to invest 5% of public funds in Bitcoin, aiming to establish an alternative treasury for the state. The proposed 5% allocation will diversify the state’s funds and benefit from the long-term appreciation of Bitcoin’s price. The bill also proposes that state investment officers manage the Bitcoin reserve and operate under the supervision of the state investment committee. The bill also articulates the need for cold storage as a viable means of protecting Bitcoin in the state.