Wyoming Highway Patrol Association Explores Bitcoin Adoption for Its Balance Sheet

The Wyoming Highway Patrol Association (WHPA), a nonprofit organization that supports troopers, dispatchers, and civilian staff, is considering adding Bitcoin to its balance sheet.

The initiative is being pursued in collaboration with Proof of Workforce’s “Get Off Zero” program. It aims to educate labor unions and pension funds about Bitcoin’s potential benefits.

On 12 February 2025, Dom Bei, the founder of Proof of Workforce, said that the WHPA’s involvement in this initiative could set a precedent for similar organizations.

A portion of the Bitcoin acquired through this initiative may be held in self-custody, Bei explained. He highlighted Bitcoin as a stable long-term financial tool, particularly as the traditional fiat-based monetary system undergoes shifts and uncertainties.

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Some Bitcoin from This Initiative May Be Held in Self-Custody

If the plan moves forward, WHPA would become the first law enforcement association in the United States to adopt Bitcoin. The initiative has received strong backing from Wyoming Senator Cynthia Lummis, who has been a vocal advocate for Bitcoin and introduced a federal Bitcoin reserve bill in July last year.

“This is so cool,” Lummis stated. “The goal with this is to help Americans access tools that protect the value of their hard work. Love to see Wyoming citizens who protect us, protected by Bitcoin. That’s freedom-focused innovation.”

𝐉𝐔𝐒𝐓 𝐈𝐍: Wyoming Highway Patrol Association adopts Proof of Workforce “Get Off Zero” Initiative, potentially becoming the first law enforcement association in the U.S. to hold Bitcoin on it’s balance sheet!!! pic.twitter.com/e56WPNPnZq

— Proof of Workforce (@workforcebtc) February 12, 2025

WHPA Vice President Austin Bluemel acknowledged the association’s interest in exploring Bitcoin as both a network and an asset. Bluemel said that they are evaluating ways it could benefit their organization and its members.

Wyoming has already been making strides in Bitcoin adoption. Recently, the state introduced a strategic Bitcoin reserve bill that would allocate up to 3% of its state funds to Bitcoin.

Under the proposed law, if Bitcoin investments exceed the 3% limit, the state treasurer is not authorized to sell off holdings to comply with the rule.

Other states, including Arizona, Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, and Utah, have also introduced similar Bitcoin reserve bills.

Notably, Utah has progressed the furthest. It is the only state where such a bill has passed through the House.

Dennis Porter, CEO of the Satoshi Action Fund, has suggested that Utah may be the first US state to formally adopt a Bitcoin reserve, citing its short legislative calendar and strong political support for digital assets.

20+ states working on Strategic Bitcoin Reserve legislation. Promises made. Promises kept. pic.twitter.com/2FVx2e5w5E

— Dennis Porter (@Dennis_Porter_) February 10, 2025

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University Of Austin To Launch $5M Bitcoin Fund

The University of Austin is launching a $5 million Bitcoin fund as part of its $200 million endowment. 

Notably, the precedent is set by Emory University. In a regulatory filing last October, it was disclosed that over $15 million in Bitcoin was invested through Grayscale’s spot Bitcoin exchange-traded fund (ETF).

Beyond university endowments, cryptocurrency is gaining traction in the retirement sector as well. A recent Bitget Research report revealed that up to 20% of Generation Z and Generation Alpha are open to receiving pensions in cryptocurrency.

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