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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.
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The Expected Voting Took Place: Another Good News Came After the Record in Bitcoin!
The Texas House of Representatives approved the SB 21 bill, which envisions direct investment of the state in cryptocurrencies, in the third vote with 101 votes in favor and 42 against.
The proposal envisions the establishment of a new private fund under the name "Texas Strategic Bitcoin Reserve". This fund will be managed by the state auditor to invest in crypto assets with a market value of at least 500 billion dollars.
According to the law, the Texas Strategic Bitcoin Reserve will only focus on large-cap and high-cap cryptocurrencies. The fund's goal is to increase potential returns by diversifying the government's financial assets and to benefit from the rising value of digital assets.
The bill is currently awaiting approval from the Governor of Texas. If signed by the Governor, Texas will become one of the first states in the U.S. to make direct cryptocurrency investments.
The price of Bitcoin broke its all-time high price record today.