According to Odaily, Florida's Chief Financial Officer Jimmy Patronis revealed in an interview with CNBC on Thursday that the state holds approximately $800 million in crypto-related investments within its portfolio. Patronis mentioned that he would not be surprised to see this figure increase if former President Trump is re-elected next month.
Earlier this week, Patronis suggested in a letter that Florida should consider allocating a portion of the state’s pension funds into cryptocurrencies. This move aligns with a growing trend among U.S. government agencies to explore crypto investments. For instance, the Wisconsin Investment Board disclosed in a May report that it holds $163 million worth of spot Bitcoin ETFs.
