State of Michigan

The State of Michigan, established in 1837 as the 26th state of the United States, operates as a governmental entity overseeing public services, economic development, and fiscal policy. Its business model relies on tax revenues, federal funding, and strategic investments to support infrastructure, education, and public welfare. Core operations, managed by the Michigan Department of Treasury, include tax administration, revenue management, and financing programs for local governments and school districts, ensuring fiscal stability and public service delivery.
The State of Michigan explores an Ethereum treasury strategy, cautiously integrating ETH as a reserve asset to modernize financial operations. By engaging in pilot programs for staking and decentralized finance, it aims to enhance transparency and efficiency in public finance while aligning with blockchain’s decentralized framework. Its broader digital asset strategy focuses on research and regulatory development, fostering innovation in blockchain applications to support economic resilience and adapt to emerging financial technologies.
The State of Michigan maintains a significant presence in public finance, guided by State Treasurer Rachael Eubanks and a leadership team with expertise in governance and economics. Through the Bureau of Investments, it manages retirement systems and public funds, emphasizing fiduciary responsibility. Its commitment to exploring Ethereum and blockchain technologies underscores its enduring relevance, positioning Michigan as a forward-thinking leader in public sector innovation and digital asset adoption.