Texas House to Hear Bill on Strategic Bitcoin Reserve with $500 Million Annual Bitcoin Purchases

The Texas House has scheduled a hearing for April 23 on a bill proposing the establishment of a Strategic Bitcoin Reserve. Under the bill, Texas plans to purchase $500 million worth of Bitcoin annually to create this reserve. This initiative reflects a growing interest in Bitcoin as a strategic asset, with similar discussions reportedly emerging in other regions such as Singapore. The hearing marks a significant step in Texas's effort to integrate cryptocurrency into its financial strategy.

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