NC S327

State Treasurer authorized to allocate up to 10% of public funds into Bitcoin as a long-term strategic reserve, with authority to engage in staking, lending, and other yield-generating activities

Bitcoin holdings must be stored in cold storage wallets with multi-signature authentication, managed by a new department within the State Treasurer's Office, with monthly audits and State-backed insurance against cyber threats

Liquidation of the Bitcoin Reserve requires approval by at least two-thirds of members present and voting in both chambers of the General Assembly

Reserve funds may be used for severe financial crises, State-approved investment strategies, General Assembly-approved infrastructure projects, Bitcoin-related research and education, or as backing for public project bonds

Treasurer must submit quarterly reports to the General Assembly on reserve status, value, and performance, with reports published on the Treasurer's website for public transparency