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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Texas has become the third state in the United States to establish a Bitcoin reserve.
According to a report from The Block on June 22, Deep Tide TechFlow news states that Texas Governor Greg Abbott signed SB 21 into law on June 21, officially approving the establishment of a statewide strategic Bitcoin reserve, making Texas the third state in the United States to establish such a reserve after Arizona and New Hampshire.
The bill was introduced by State Senator Charles Schwetner and will be managed by Texas Comptroller Glenn Hegar, operating independently of the state treasury. The chairman of the Texas Blockchain Council expects the state government to invest "tens of millions of dollars" in Bitcoin, although this amount is relatively modest for a state the size of Texas.
Abbott also signed the HB 4488 bill, ensuring that Bitcoin reserves are not affected by the state's periodic sweeps of financial funds, and safeguarding their legal status.