As we speak in crypto, Texas Governor Greg Abbott has formally approved the creation of the Texas Strategic Bitcoin Reserve, Jan3 founder Samson Mow eyes increasing Bitcoin nation-state adoption in Europe. In the meantime, Bitcoin holding firm Nakamoto Holdings has secured $51.5 million in contemporary capital to buy extra BTC.
Texas governor indicators invoice including Bitcoin to official reserves
Texas Governor Greg Abbott has signed Senate Invoice 21 (SB21), formally authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that can maintain Bitcoin as a part of the state’s long-term monetary belongings.
The newly established reserve operates independently of Texas’ common treasury system and goals to strengthen the state’s monetary resilience whereas serving as a possible hedge towards inflation, in accordance to the invoice textual content.
Moreover, solely belongings with a market capitalization exceeding $500 billion are eligible for inclusion, a threshold at the moment met solely by Bitcoin (BTC).
The fund can be administered by the Texas Comptroller of Public Accounts and guided by an advisory committee of three crypto funding professionals.
Samson Mow needs Bitcoin in ‘all of Europe,’ receives invite to France
Jan3 founder Samson Mow is setting his sights on ramping up Bitcoin nation-state adoption in Europe following a optimistic assembly with pro-Bitcoin French lawmaker Sarah Knafo.
“Trying ahead to beginning a nation-state Bitcoin adoption wave in France and maybe all of Europe,” Mow stated in an X put up on Saturday, following his assembly with Sarah Knafo, a French member of the European Parliament, at BTC Prague this week. They mentioned plans to develop a Strategic Bitcoin Reserve for France and promote “pleasant rules” for the asset.
Mow stated Knafo has invited his crew to France. On the identical day, Knafo addressed the assembly with Mow on her X account, stating, “France should snatch these points.”
Nakamoto Holdings secures $51.5M to broaden Bitcoin treasury technique
Bitcoin holding firm Nakamoto Holdings, based by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in contemporary capital by a personal placement in public fairness (PIPE) deal, in keeping with an announcement from merger accomplice KindlyMD.
Bailey stated that the brand new funds have been raised in lower than 72 hours, reflecting rising investor urge for food for Nakamoto’s Bitcoin (BTC) accumulation technique.
“Investor demand for Nakamoto is extremely robust,” Bailey stated. “We proceed to execute our technique to lift as a lot capital as doable to accumulate as a lot Bitcoin as doable.”
The financing, priced at $5.00 per share, brings KindlyMD’s complete funding to roughly $563 million, and $763 million together with convertible notes.
