States Embracing Bitcoin as a Strategic Asset
Across the country, states are taking legislative steps to incorporate Bitcoin into their financial strategies. Some notable examples include:
State-Backed Funds & Legislation - Interactive Map
As cryptocurrency gains mainstream acceptance, nearly two dozen U.S. states are exploring or enacting legislation to establish Bitcoin reserves and crypto funds, signaling growing trust in digital assets as a legitimate financial instrument. Below, find out how each state is adopting cryptocurrency.
What This Means for Nonprofits
If state governments—traditionally cautious and risk-averse entities—are adopting Bitcoin, nonprofits should take notice. Here’s why:
1. Mainstream Legitimacy
Bitcoin and cryptocurrency are no longer fringe financial instruments. When government institutions invest in digital assets, it demonstrates confidence in their stability and potential. Nonprofits that embrace crypto now position themselves as forward-thinking organizations aligned with the future of finance.
70% of Forbes’ Top 100 Charities now accept cryptocurrency donations.
For major charities, faith-based organizations, and universities, fundraising through cryptocurrency has become the norm, reflecting a broader trend in modern philanthropy. In our 2025 Annual Report on Crypto Philanthropy we explore key data points such as the average crypto gift size, giving by cryptocurrency type, quantified impact results, and what drivers are behind this growth as well as remaining challenges. Read the Report
2. Access to a Growing Donor Base
Crypto philanthropy is on the rise. 580 Million people worldwide hold cryptocurrency, and many prefer to donate in crypto due to the tax benefits and ease of digital transactions. As Bitcoin and other cryptocurrencies gain mainstream adoption, more donors will look for nonprofits that accept their preferred assets.
3. Diversification and Financial Resilience
Just as States are investing in Bitcoin to diversify their financial holdings, nonprofits can benefit from expanding their donation methods. Accepting crypto can provide a new revenue stream, reduce reliance on traditional funding sources, and help organizations navigate economic downturns.
4. Competitive Advantage
Nonprofits that accept crypto donations can differentiate themselves from others in their sector. With major institutions and now state governments recognizing Bitcoin’s potential, organizations that act early can attract tech-savvy donors and corporate partners engaged in the digital asset space.
The Next Step: Accepting Crypto Donations
The trend is clear—crypto is being adopted at an institutional, and state level, and nonprofits have a unique opportunity to capitalize on this movement. By integrating crypto donations into their fundraising strategy, organizations can:
