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Texas Becomes One of Many US States Holding Bitcoin Reserves

Texas Becomes One of Many US States Holding Bitcoin Reserves

Texas Launches Strategic Bitcoin Reserve Fund Recently, Texas made headlines as Governor Greg Abbott officially established a Bitcoin management fund, signing Senate Bill 21 into law. This initiative positions Texas among just a couple of other states pursuing similar measures. The Texas Bitcoin Reserve is intended to bolster the state’s financial stability, serving as a […]

Governor of Texas approves legislation to include Bitcoin in official reserves

Governor of Texas approves legislation to include Bitcoin in official reserves

Texas Establishes Bitcoin Reserve Texas Governor Greg Abbott has officially signed Senate Bill 21 (SB21), creating the Texas Strategic Bitcoin Reserve, a fund that will hold Bitcoin as a long-term financial asset for the state. This reserve operates separately from Texas’ general financial framework and is intended to enhance the state’s financial resilience, potentially serving […]

Chase Sapphire Reserve’s Yearly Fee Is Going Up to $795. Is It Still a Good Deal?

Chase Sapphire Reserve's Yearly Fee Is Going Up to $795. Is It Still a Good Deal?

Chase Sapphire Reserve Card Fee Increase and Changes As competition heats up among premium credit cards, Chase is making significant adjustments to one of its standout offerings. The annual fee for the Sapphire Reserve Card is set to jump, leading current cardholders and potential applicants to ponder: Is this extra expense justified? On June 17, […]

Genius Group’s Bitcoin reserves increase by 52% as the target of 1,000 BTC is reaffirmed.

Genius Group's Bitcoin reserves increase by 52% as the target of 1,000 BTC is reaffirmed.

Genius Group Boosts Bitcoin Treasury Amid Growing Institutional Interest The Singapore-based AI education firm, Genius Group, has significantly increased its corporate Bitcoin Treasury by over 50%, reflecting the rising institutional acceptance of cryptocurrencies. Even after a prior prohibition on Bitcoin accumulation for NASDAQ-registered companies, Genius Group managed to expand its Bitcoin holdings by 52%, acquiring […]

Metaplanet’s Bitcoin reserves reach 10,000 BTC, surpassing Coinbase

Metaplanet’s Bitcoin reserves reach 10,000 BTC, surpassing Coinbase

The Japanese investment firm Metaplanet has made headlines with its recent acquisition of 1,112 Bitcoins, pushing its total holdings to a notable 10,000 BTC. This means Metaplanet has now overtaken Coinbase, positioning itself as the seventh largest publicly listed company in terms of Bitcoin assets. On Monday, Metaplanet shared an announcement revealing that it invested […]

Centralized Bitcoin reserves account for 31% of the BTC supply.

Centralized Bitcoin reserves account for 31% of the BTC supply.

Survey Reveals Centralized Holding of Bitcoin Supply A recent study conducted by Gemini and Glassnode indicates that nearly one-third of the Bitcoin supply is under the control of centralized entities, with early adopters holding a notably uneven portion. The centralized Treasury—comprising government bodies, exchange-traded funds, and publicly traded companies—currently manages 30.9% of the circulating supply […]

Connecticut Changes Direction on Bitcoin Reserves, Prohibits Government Crypto Investments

Connecticut Changes Direction on Bitcoin Reserves, Prohibits Government Crypto Investments

Simply put Connecticut has enacted the strictest cryptocurrency law in the U.S., which forbids all state and local governments from buying, holding, or investing in any cryptocurrency. This law requires crypto companies to disclose “all material risks,” while also reforming the state’s existing gold transmission laws. The ban in Connecticut stands in sharp contrast to […]