devipul(@Square-Creator-c82270160)'s insights

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This one’s breaking brains 🧠💥
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#BTC Bitcoin as State Strategy? Texas Launches First Active Public Reserve: According to sources, the new Texas Bitcoin Reserve law is transforming how states deal with digital assets, putting Texas ahead in using Bitcoin for public funds. With Governor Greg Abbott signing Senate Bill 21, Texas now has a legal way to buy and hold Bitcoin and could invest up to $2.1 billion from its Economic Stabilization Fund. In a landmark move, Texas has launched the Texas Bitcoin Reserve with a $10 million investment from public funds. This was made possible by SB 21, which was recently signed into law. The legislation allows the state to consider investing up to $2.1 billion from its rainy-day fund in the future. However, any investment beyond the initial $10 million will need further approval from lawmakers. A First-of-Its-Kind Public Bitcoin Strategy: The Texas Bitcoin Reserve, approved through SB 21, gives the state the power to invest public funds into Bitcoin, as long as Bitcoin’s total market value stays above $500 billion. As there is no limit set in the law, Texas could, theoretically, invest its full $21 billion savings fund into Bitcoin. Even though Texas might invest around 10% of its funds, or $2.1 billion, this is a big step in seeing Bitcoin as a reserve asset for the state. With the Texas Bitcoin Reserve, Texas becomes the third state in the U.S. to create a reserve like this, after New Hampshire and Arizona. Arizona and New Hampshire Join, but Texas Leads: New Hampshire also recently passed a similar law called House Bill 302, which limits Bitcoin investment to 5% of the state’s savings account. Based on recent treasury filings, this means the state can invest up to around $14.6 million in Bitcoin.$BTC

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