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Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal
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Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal

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Filipino lawmaker Representative Migz Villafuerte has introduced House Bill 421, which seeks to establish a strategic Bitcoin (BTC) reserve for the Philippines. The bill tasks the Bangko Sentral ng Pilipinas (BSP) with acquiring 10,000 BTC over the next five years.

Philippines Politician Floats Strategic Bitcoin Reserve Bill

Under the proposal, the BSP would be responsible for building a national Bitcoin reserve aimed at strengthening financial security by diversifying the country’s monetary assets. Bitcoin’s performance over the past year has reinforced its reputation as a store of value, with the digital asset hitting an all-time high of more than $124,000 before retreating slightly.

House Bill 421 recommends that the BSP purchase 2,000 BTC annually, targeting a total of 10,000 BTC within five years. These holdings would be locked in for a minimum of 20 years to provide long-term debt stability. Villafuerte explained:

It is vital for the Philippines to stockpile strategic assets such as BTC to serve important national interest such as providing financial stability, among others.

During the 20-year holding period, none of the BTC in the reserve may be sold, swapped, or auctioned except to reduce government debt. One year before the term expires, the BSP governor must provide recommendations on whether to keep the reserve or allow gradual sales.

After the minimum holding period, the reserve may be reduced. However, sales will remain capped at no more than 10% of total holdings every two years.

The bill calls for oversight by the Monetary Board (MB) to ensure transparency. It also requires the BSP to include updates on the Bitcoin reserve in its quarterly reports.

Strategic BTC Reserve Trend Picks Momentum 

In his speech, Villafuerte cited examples of other countries exploring options of establishing a strategic Bitcoin reserve. For instance, the US government is actively working on developing its BTC reserve, following Donald Trump’s victory in the November 2024 presidential election.

Following in the US’ footsteps, multiple countries have expressed willingness to create their own sovereign BTC reserves. Earlier this year, several Chilean lawmakers proposed the creation of a strategic Bitcoin reserve for the South American country.

Source: World Population Review

In the same vein, Pakistan’s Minister for Crypto and Blockchain announced in June the creation of the country’s first strategic BTC reserve. Another South Asian country, Bhutan, has already stockpiled huge quantities of Bitcoin.

Similarly, Brazil’s chief-of-staff to the Vice President said earlier this year that the country can no longer afford to ignore the rising global adoption of the Bitcoin protocol as a reliable monetary network. At press time, BTC trades at $112,420, down 0.7% in the past 24 hours.

Bitcoin trades at $112,420 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, charts from World Population Review and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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‘Nothing Scary’ About Crypto, Federal Reserve Governor Says

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In brief

  • Federal Reserve Governor Christopher Waller said stablecoins have the potential to improve retail and cross-border payments.
  • He acknowledged some fear and skepticism toward innovation in payments.
  • The Fed is researching tokenization, he said.

Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher Waller said on Tuesday.

“There is nothing to be afraid of when thinking about using smart contracts, tokenization, or distributed ledgers in everyday transactions,” he said in a speech at the Wyoming Blockchain Symposium in Teton Village, Wyoming. “This is simply new technology.”

Waller described stablecoins as a continuation of advancements in payments, pointing to the early days of physical cards that lacked magnetic strips or chips. Stablecoins have evolved from their original purpose, he acknowledged, but “have the potential to improve retail and cross-border payments,” while also making it easier to access the U.S. dollar globally.

“As the stablecoin market matured, firms found that the properties of stablecoins using distributed ledger technology—including 24/7 availability, fast transferability, and their freely circulating nature—could be attractive for other use cases as well,” he said.



Waller, who was appointed during U.S. President Donald Trump’s first term, told The Wall Street Journal last month that he would accept a role as Fed Chair if asked. He also dissented from the central bank’s decision to hold rates steady in July for a fifth straight meeting, calling for a quarter-percentage-point rate cut alongside governor Michelle Bowman.

On Tuesday, Bowman gave her own address at the Wyoming confab, saying “you don’t need a tech background to appreciate the opportunity that blockchain provides to the financial system.”

 

Waller recognized on Wednesday that some have “been fearful or skeptical of innovation” in the payments space, but he underscored that “there is nothing scary” about crypto transactions just because they take place within the realm of decentralized finance.

The GENIUS Act’s passage created a federal framework for stablecoin issuers, and Waller said that this could help dollar-pegged tokens “reach their full potential” in the U.S.

Although his comments were geared toward private-sector innovation, Waller’s remarks follow the debut of Wyoming’s stablecoin earlier this week. Revenue generated from the token’s reserve is expected to go toward the state’s school foundation fund.

The Fed has played a role in supporting payments technology by providing infrastructure for clearing and settlement to financial institutions. That has been the case since the central bank’s early days, Waller noted.

As stablecoins become ingrained in the financial world, Waller said the Fed is conducting research on tokenization, smart contracts, and artificial intelligence in payments. Although conservatives have warned against the dangers of a dollar-pegged token issued by the Fed, Waller did not explicitly reference Central Bank Digital Currencies.

“It is important to understand trends in payments technology so that we can continue to support private sector firms that leverage our infrastructures, as well as understand whether emerging technologies could provide opportunities to improve our existing platforms and services,” he said.

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Federal Reserve Governor Calls For Regulators To Embrace Crypto

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Federal Reserve (Fed) Governor Michelle Bowman is urging US regulators to abandon their “overly cautious mind-set” regarding cryptocurrencies, blockchain technology, and artificial intelligence (AI). 

Speaking at the Wyoming Blockchain Symposium, Bowman emphasized the need for a proactive approach to adapt to emerging technologies, marking a departure from the more conservative stance of previous regulatory bodies.

Bowman Advocates For Flexible Oversight 

Bowman, who was nominated to the Federal Reserve Board by President Donald Trump in 2018 and appointed as Vice Chair for Supervision earlier this year, stated, “Despite this past inertia, change is coming.” 

She underscored the importance of choosing to embrace this change and creating a regulatory framework that is both reliable and efficient. “We must ensure safety and soundness while incorporating the benefits of speed and efficiency,” she asserted. 

The choice is clear from a regulator’s perspective: we can either stand still and let new technology bypass the traditional banking system or help shape its future.

A key topic in her address was the recently passed GENIUS Act, which regulates stablecoins. This legislation, signed into law by President Trump, has positioned stablecoins at the forefront of discussions about the future of the financial system. 

According to Bowman, dollar-pegged cryptocurrencies have the potential to disrupt traditional payment infrastructures while offering new opportunities for the banking sector.

In addition to discussing stablecoin regulation, Bowman revealed that she is working on plans to adjust banks’ regulatory commitments according to their size and complexity. 

Fed’s Discontinuation Of Crypto Oversight Program

The Federal Reserve also disclosed last week the discontinuation of its “novel activities” supervision program, which was designed to monitor banks’ interactions with the cryptocurrency and fintech sectors. 

This program, launched in 2023, faced criticism for imposing significant restrictions on banks engaging with digital assets. The Fed has determined that such specialized oversight is no longer necessary, citing an improved understanding of the risks involved and how banks can effectively manage these challenges.

As reported by Bitcoinist, the central bank’s move is part of a broader effort to align with President Donald Trump’s vision of making America the “crypto capital of the world.” 

By incorporating digital asset oversight into its conventional bank supervision framework, the Federal Reserve aims to foster an environment that supports innovation in the financial sector.

Speculation about Bowman’s future role has also emerged, with her name mentioned as a potential successor to current Fed Chair Jerome Powell when his term concludes in May 2026. However, during a recent Bloomberg interview, she deflected questions about her aspirations for that position.

Governor Bowman’s remarks and the regulatory changes she advocates reflect a pivotal moment for the US financial landscape, as regulators seek to balance innovation with the need for safety and stability in the banking system.

The daily chart shows the total crypto market cap at $3.76 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Indian Ruling Party Spokesperson Urges Bitcoin Reserve For India
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Indian Ruling Party Spokesperson Urges Bitcoin Reserve for India

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Indian ruling party Bhartiya Janata Party (BJP) national spokesperson Pradeep Bhandari has urged the Centre to think seriously about building a Strategic Bitcoin Reserve, arguing that the global mood on digital assets has changed for good. 

His call lands just as Washington locks Bitcoin into its balance sheet and tiny Bhutan quietly turns hydro-power into a billion-dollar crypto hoard.

“This isn’t a reckless pivot, it’s a calculated step toward embracing digital assets’ legitimacy,” Bhandari insists.

The American template

In January, the United States transformed roughly 200,000 seized Bitcoins—now worth more than $20 billion—into a sovereign buffer against inflation and market shocks. Plans announced at last month’s White House Crypto Summit go further: boosting the reserve through budget-neutral tactics that keep taxpayers off the hook. 

Three states already allow treasuries to hold Bitcoin; several more are drafting similar bills. Bhandari sees the move as a loud geopolitical signal: When the world’s largest economy puts Bitcoin on its books, everyone else takes notice.

Bhutan’s hydro-powered play

Closer home, Bhutan has mined Bitcoin since 2021 using surplus hydropower, amassing a war chest now topping $1 billion. What began as a lifeline after tourism collapsed in the pandemic now bankrolls public services and green projects. 

Bhandari argues that India, with far bigger renewable capacity, could adapt the model at scale. The resources are here, he says. “India’s crypto policy—taxed but unregulated—needs clarity to unlock potential.”

Why Bitcoin has an edge

Bitcoin differs fundamentally from both fiat money and gold. Its code caps supply at 21 million coins—an engineered scarcity that many see as a reliable store of value. It answers to no central bank and runs on a decentralised network, so no single authority can rewrite the rules. 

Trading never stops: the asset moves across borders every hour of every day. Each transaction lives forever on a transparent, tamper-resistant blockchain.

Also Read: India’s Crypto Dilemma: Can growing Institutional Adoption Enable Regulatory Clarity?



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UK Bitcoin Reserve Company Buys More BTC, Stock Continues to Rise

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In brief

  • The Smarter Web Company’s stock has surged 254% this month as it built up Bitcoin reserves of 543.52 BTC, with shares rising from £4.50 to £292.50 since its April IPO.
  • CEO Andrew Webley told Decrypt this makes it “the most successful IPO in the UK ever” and says the success has inspired over 21 copycat companies to announce similar Bitcoin reserve strategies.
  • The Bristol-based web design firm has raised over $74.9 million since April to fund Bitcoin purchases, aiming to reach 1,000 BTC within the next 3-4 months.

The Smarter Web Company has seen its stock surge 254% this month as it brings its total Bitcoin reserve holdings up to 543.52 BTC.

Based in Bristol, the Smarter Web Company is a British web design and online marketing firm that began accepting Bitcoin as a means of payment in 2023. Its Bitcoin reserve began following its IPO in April.

It raised $2.86 million (£2.1 million) upon listing on the Aquis Stock Exchange Growth Market on April 25, and has since seen its stock rise from £4.50 to £292.50 as of writing. That’s a return of more than 6,400%.

Its market cap has also risen by 254% since the start of June, following Bitcoin purchases on June 5, June 10, June 13, June 19 and yesterday.

CEO Andrew Webley told Decrypt this percentage makes the firm’s listing “the most successful IPO in the UK ever,” and notes the sudden increase in its share price has inspired a wave of copycat firms.

“Ironically, since we started […] there’s over 21 [companies] that have come out claiming to do what we do since we listed two months ago,” he said.

In fact, he also notes that two UK-listed firms announced a BTC reserve policy the same day he spoke to Decrypt: GSTechnologies and TruSpine Technologies.

And without naming names, he suggests that some of the 21 firms he has counted have not actually acquired any Bitcoin, despite announcing a BTC reserve policy.



“The UK’s potentially getting into a bit of a dangerous place actually with, you know, people who are claiming to do it rather than doing it,” he says, adding that he has reported the issue to Acquis.

As with Strategy in the U.S., the funds for the Smarter Web Company’s purchases have come primarily from the sale of ordinary shares. Webley told Decrypt that the firm has raised a little over $74.9 million, or £55 million, in total since April.

“We don’t have any debt, and we’ve never raised money at a discount either, so we always raise at the market price,” he added.

In terms of what led to his interest in Bitcoin and to his company establishing a BTC reserve, Webley says that the cryptocurrency is the “best asset in the world” because of its fixed supply and decentralization.

“I do believe in Bitcoin,” he said. “I think recent history has proven that approach, so that’s what I like about Bitcoin and why I keep our assets in Bitcoin rather than cash.”

Webley also acknowledges that Bitcoin isn’t without risks, given that it’s “quite a volatile asset.” But he believes it has become “more stable and less volatile” over the past six to 12 months.

“This weekend is a good example, with the American action against Iran, and Bitcoin was incredibly chilled out; I think it might have moved 3% or 4% at most, something like that,” he said.

The Smarter Web Company aims to bring its reserve up to 1,000 BTC in the next four months, although Webley suspects that it may actually achieve this milestone within three months.

Such growth might invite the question as to where the firm’s BTC policy will leave its original lines of business, although Webley affirms that the policy is meant to complement and support the latter, and not replace it somewhere down the line.

“If our business can grow, much bigger than it would have been, through the power of Bitcoin, so that more people know about us, so more people know about our services, then for somebody that believes in Bitcoin, that’s quite cool,” he said.

Edited by Stacy Elliott.

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Arizona House Clears Bitcoin Reserve Bill Funded by Seized Crypto

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In brief

  • The Arizona House passed HB 2324, creating a state-run Bitcoin and digital asset reserve funded through seized crypto.
  • The bill establishes rules for the seizure, storage, and sale of digital assets obtained in criminal investigations.
  • It follows HB 2749, signed in May, which allows Arizona to hold unclaimed crypto in its native form and divert staking rewards to a state fund.

Arizona’s revived push to bring Bitcoin into state coffers is one signature away from becoming law.

The Arizona House of Representatives approved House Bill 2324 on Tuesday in a 34-22 vote, reviving a measure that failed its first final vote in May. 

The legislation creates a framework for Arizona to establish a “Bitcoin and Digital Assets Reserve Fund” that would be managed by the state treasurer and funded exclusively through digital assets seized in criminal investigations.

HB 2324 would mark Arizona’s second digital asset reserve law this year, joined only by House Bill 2749, which Governor Hobbs signed in May. 

That law changed unclaimed property regulations to allow crypto to be held in native form, with staking rewards diverted into a state crypto fund.

HB 2324 further amends Arizona’s forfeiture laws to explicitly cover digital assets, including Bitcoin, stablecoins, and other virtual currencies.

It establishes protocols for seizure, storage, and sale, with proceeds divided between law enforcement, the state general fund, and a new digital asset reserve.

The first $300,000 from any forfeited digital asset would be directed to the Attorney General’s office, with additional proceeds split between state coffers and the reserve fund.

Lawmakers revived HB 2324 last month through a series of procedural motions after it failed a final House vote on May 7. 

The Senate passed the amended measure by a narrow 16-14 margin last Thursday, clearing the way for Tuesday’s House vote.

Governor Hobbs’ record shows support for stricter oversight, but hesitation toward exposing state funds to crypto markets.

In May, Hobbs vetoed Senate Bill 1025, the Arizona Strategic Bitcoin Reserve Act, which would have allowed up to 10% of state treasury and pension funds to be invested in Bitcoin. 

She also blocked Senate Bill 1373, a proposal to create a state-managed reserve for digital assets obtained through seizures or legislative appropriations, citing market instability.

At the same time, Hobbs has signed bills aimed at regulating the industry, including House Bill 2387, which imposes stricter rules on crypto ATMs to combat fraud and money laundering.

House Bill 2324 now puts another major crypto policy decision in the governor’s hands.

Edited by Sebastian Sinclair

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Bitcoin in the Buckeye State: Ohio Eyes Its Own Crypto Reserve

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In brief

  • Ohio Rep. Steve Demetriou is pushing for the creation of a state Bitcoin reserve as a next step following the passage of HB 116 in the state House.
  • Demetriou emphasizes the importance of education and bipartisan support in advancing crypto legislation, and pledged to reintroduce bills as necessary.
  • Although HB 116 avoids naming Bitcoin specifically, Demetriou says the broader focus on digital assets was intentional to “not pick winners or losers.”

After the Ohio House passed House Bill 116 last week, exempting crypto owners from minor tax burdens, Rep. Steve Demetriou (R-Ohio) said the next step is to establish a state Bitcoin reserve.

Another bill, House Bill 18, known as the Ohio Strategic Cryptocurrency Reserve Act, would permit the state treasurer to invest up to 10% of certain public funds in “high-capitalization” cryptocurrencies.

“I introduced House Bill 18, which is still in committee,” Demetriou told Decrypt in an interview. “That’s the next step in my mind—and in many advocates’ minds—for advancing digital asset legislation.”

Introduced in February, HB 18, like HB 116, does not reference Bitcoin specifically. However, a stipulation in the bill specifies that the treasurer may only invest in digital assets that are an “exchange-traded product and have an average market capitalization of at least $750 billion”—meaning the only eligible asset at this time is Bitcoin, which has a market cap of over $2 trillion.

Demetriou is optimistic about Bitcoin’s future in Ohio, but acknowledged that greater advocacy and public education are still needed.

“It’s still hard to predict how things will go as time passes and the bill moves forward, but I’m not giving up,” he said. “I’ll keep reintroducing it if needed, as long as I’m in the legislature.”



Now making its way to committee in the Ohio Senate, the Blockchain Basics Act, HB 116, aims to formalize regulations around blockchain and digital assets in Ohio law while easing regulatory burdens on cryptocurrency miners and users. For Demetriou and other advocates, it’s a foundational step toward positioning Ohio as a leader in digital finance, and a prelude to more ambitious efforts, including the creation of a state Bitcoin reserve.

However, while a Bitcoin reserve is the goal, Demetriou said the bill intentionally focused on “digital assets” rather than Bitcoin.

“I don’t think we want to pick winners and losers in our legislation,” he said. “This bill was about digital asset mining, blockchain, and establishing definitions in the Ohio Revised Code for blockchain, digital assets, and cryptocurrency.”

Instead, he said, HB 116, introduced in February, is intended to protect digital asset owners from onerous compliance requirements, particularly for small transactions.

“This was a broader bill to get the wheels turning and allow this legislature—and future ones—to create common-sense regulations around the industry,” he said.

While it remains to be seen if HB 116 reaches the desk of Governor DeWine, Demetriou is optimistic about its chances of being approved and signed into law.

“In Ohio, since the last General Assembly, when I began introducing crypto, digital asset, and Bitcoin legislation in the House, we’ve seen a real need for education and awareness about the importance of digital assets to the future of our economy,” he said. “I’m excited to see a number of my colleagues embrace that reality, and I hope to get it through the state Senate and onto the governor’s desk to become law.”

When asked about the growing acceptance of cryptocurrency in the United States, Demetriou said it’s time for the government to align with the will of the people.

“Nearly 2 million Ohioans own digital assets. My point is we need to follow their lead. They’ve shown us this isn’t going anywhere,” he said. “These assets are going to be critical to the future of our economy. Millions of people across the world, the U.S., and here in Ohio own them. We need to accept that reality and follow the lead of our constituents.”

Added Demetriou: “The people have spoken.”

Edited by Andrew Hayward

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Banks Authorized For Crypto Activities, Confirms Federal Reserve Chair Powell

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Federal Reserve Chair Jerome Powell announced on Tuesday that banks will have the autonomy to determine their customer base, signaling an open door for digital asset investors and the introduction of new investment products centered around crypto assets. 

Freedom To Engage In Crypto Activities 

During his remarks before the House Financial Services Committee, Powell emphasized that banks are now positioned to offer banking services specifically tailored to the cryptocurrency industry and its associated companies.

On Tuesday, Powell further stressed that these digital asset activities must be conducted with a focus on maintaining safety and soundness for everyday investors. 

This announcement follows the Federal Reserve’s recent decision to remove reputational risk from its bank examination criteria on Monday, a change that aligns with similar actions taken by other US banking regulators, such as the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).

Banks had expressed concerns that the previous emphasis on reputational risk could lead to subjective judgments from regulators, potentially penalizing institutions for engaging in legally permissible activities, including cryptocurrency, that do not pose significant financial risks. 

With the removal of this standard, the Federal Reserve has signaled a more lenient regulatory environment, allowing financial institutions to engage more freely in crypto-related projects and offerings.

Inflation Forecast

Addressing broader economic issues that can influence cryptocurrency prices, Powell highlighted ongoing concerns about inflation, which remains above the Fed’s target of 2%. 

The Fed chair noted that the impact of President Donald Trump’s tariffs on the economy is still uncertain, stating, “Policy changes continue to evolve, and their effects on the economy remain uncertain.” 

Powell explained that the effects of tariffs will depend on their ultimate levels and that historically, tariffs have led to one-time price increases rather than sustained inflationary pressures.

As for inflation metrics, Powell indicated that the Fed’s preferred measure is likely to rise to 2.3% in May, with the core measure—excluding food and energy—expected to edge up to 2.6%. 

In April, these figures were recorded at 2.1% and 2.5%, respectively. Powell and his colleagues on the Federal Open Market Committee (FOMC) are carefully considering these dynamics and do not feel rushed to adjust policy until more data on the impact of tariffs becomes available.

The daily chart shows the total crypto market cap at $3.21 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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CZ hypes ‘BNB MicroStrategy’ as corporate reserve interest grows
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CZ hypes ‘BNB MicroStrategy’ as corporate reserve interest grows

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Former Binance CEO and founder Changpeng Zhao is cheering the growing institutional spotlight on BNB as more firms move to tap the token as a reserve asset.

In a July 24 X post, Zhao praised China-based Labs cryptocurrency-mining chip designer Nano Labs for its vision to launch a BNB (BNB) focused strategic reserve.

The Binance founder’s applause follows Nano Labs’ announcement earlier that day of a $500 million convertible note raise, with plans to acquire up to $1 billion worth of BNB over time. According to the company, it aims to hold 5% to 10% of BNB’s total circulating supply and position the token as a long-term treasury asset.

Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. 👏

Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive.

Not financial advice! https://t.co/2ULQ6NGDBG

— CZ 🔶 BNB (@cz_binance) June 24, 2025

While CZ clarified that neither he nor any affiliated entities took part in the raise, he described the move as a major vote of confidence for BNB’s future and expressed support for the vision.

The comments build on his previous nod to a similar initiative. Former Coral Capital Holdings executives were recently reported to be raising $100 million through a Nasdaq-listed entity to accumulate BNB as part of a similar institutional reserve strategy.

“BNB ‘MicroStrategy’ coming to a company near you!” cheered the Binance founder. He further emphasized that more institutions around the world are mulling the same idea, adding that the rising interest may soon mark a turning point for the token.

A new narrative for BNB?

Institutional adoption played a defining role in Bitcoin’s rise, and a similar wave of interest may now be forming around BNB.

Still, doubts remain. Although BNB is described as a public, blockchain-native token not affiliated with Binance, its ties to the exchange have long weighed on its image. This is largely due to the exchange’s regulatory troubles and lingering concerns about the token’s distribution and decentralization, fueling investor skepticism.

That cautious sentiment is reflected in BNB’s stunted growth over the past year, lagging behind many of its peers in both performance and market enthusiasm. However, some believe that the recent wave of institutional interest could promote adoption, helping it carve out an identity beyond Binance’s shadow.





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Crypto History in the Making: Texas Launched First State-Funded Bitcoin Reserve – $HYPER to Soar?
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Texas Just Made Crypto History With First State-Funded Bitcoin Reserve

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Texas has just become the first US state to create a publicly funded Bitcoin reserve, thanks to Governor Greg Abbot signing the Senate Bill 21 this weekend.

The ultimate aim of the ‘Texas Strategic Bitcoin Reserve’ is to strengthen the state’s financial resilience and serve as a hedge against inflation.

Not only is this news bullish for $BTC but also for Bitcoin-native infrastructure. As more states consider holding the #1 crypto, the need for fast, scalable tools is bound to skyrocket.

This is where Bitcoin Layer-2 solutions like Bitcoin Hyper ($HYPER) shine bright. They power real-world $BTC adoption with lightning-fast throughput, lower fees, and smart contract capabilities.

Texas Launches State-Independent $10M Bitcoin Reserve

States like New Hampshire and Arizona passed similar laws. However, Texas has taken one step further, funding the Texas Strategic Bitcoin Reserve with a hefty $10M allocation.

This new initiative stands stands out from traditional state-owned reserves by operating independently. Only the Texas Comptroller’s office and a three-member crypto investment advisory board will manage it.

To protect the new bill, Abbott signed House Bill 4488 on June 21, preventing routine ‘fund sweeps’ from transferring reserve funds into the state’s general budget. Specifically, it highlights Texas’ intent to HODL $BTC.

It’s not just about purchasing $BTC from the open market, either. The reserve could grow through airdrops, network forks, investment gains, or public crypto donations.

To track its performance, the government will release a comprehensive report detailing the fund’s holdings every two years.

But as more governments and institutions adopt $BTC, on-chain congestion is bound to increase, which puts the entire industry at risk.

Thankfully, Bitcoin Hyper (HYPER) is getting ready to deliver the speed and scalability necessary to power the next wave of Bitcoin utility.

Bitcoin Hyper to Help Solve $BTC’s Growing Pains

Bitcoin Hyper ($HYPER) is positioning itself as the Layer-2 upgrade Bitcoin has long needed, and will likely need now more than ever before.

Much like how Solaxy ($SOLX) gives Solana a performance boost (and raised over $58M on presale as a consequence), Bitcoin Hyper is built to supercharge Bitcoin.

The network, set to go live in Q3 2024, will feature wrapped $BTC and full integration with the Solana Virtual Machine (SVM). This will help it facilitate speedy swaps, batch transactions, and low fees – even during periods of peak usage.

A smart canonical token bridge will continuously sync Bitcoin Hyper with Bitcoin’s Layer 1. This will ensure that every action on the Layer 2 network remains secure, transparent, and verifiable. Check out our guide for a deeper dive into $HYPER’s inner workings.

Source: Bitcoin Hyper

In Q4 2025, you can also anticipate the release of the Bitcoin Hyper Developer Toolkit. This will let developers build everything from lending platforms to Web3 games, while remaining anchored to Bitcoin’s mainnet for extra security.

With 30% of the total $HYPER supply earmarked for ongoing developments, you can anticipate regular updates and innovation as the ecosystem matures.

It’s not surprising that whale buyers already notice the project’s long-term potential, three of whom have invested $74.9K, $54.1K, and $53.9K into $HYPER.

Each of these buys has helped it raise over $1.5M on presale in no time.

Join $HYPER to Potentially Gain 2,567% Returns

Texas isn’t just holding Bitcoin but setting a new standard. By funding a $10M $BTC reserve and protecting it from budget sweeps, the state bets big on the crypto leader’s future as a strategic asset.

Not only is this move bullish, but it’s also a turning point for $BTC adoption. It highlights the urgent need for rapid and scalable infrastructure.

Thankfully, Bitcoin Hyper is being built for the demands of tomorrow’s economy, supercharging the Bitcoin network with faster speeds, lower costs, and seamless scalability.

You can get in on the action by purchasing $HYPER on presale for just $0.012. After being listed on major exchanges, it’s projected to reach $0.32 this year – a possible 2,567% gain compared to its current price.

This isn’t investment advice. Always do your due diligence before making any investments – crypto prices can tumble as quickly as they jump.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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