OKG Research: If 33 Bitcoin reserve bills in 18 U.S. states are implemented, it could potentially generate a demand for $53 billion in purchases

According to a report by PANews on March 21, statistics from OKG Research show that as of March 20, 2025, 18 states in the United States have advanced 33 "Bitcoin Strategic Reserve Bills". If all these bills are implemented at their proposed maximum limits, they could potentially generate a buying demand of up to $53.4 billion (approximately 630 thousand BTC). This scale is equivalent to one and a half times the net inflow into US spot BTC ETFs ($35.8 billion), or about 1.26 times MicroStrategy's current BTC holdings.

This data is based on each state's fiscal year budget for 2024-2025 and only includes bills with clearly defined funding sources and upper limit proportions. The estimate is based on Bitcoin's average price over the past twenty days being $84,634.