ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter posted on X that state-level Bitcoin reserves are crucial for protecting taxpayers' funds. Unlike the federal government, states cannot print money or endlessly raise the debt ceiling. Since 2018, the purchasing power of the dollar has lost about 25%. A 3% allocation in Bitcoin can completely offset this loss.

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter posted on X that Texas Governor Greg Abbott shared an article titled "Texas Pushes for Strategic Bitcoin Reserve: State Treasury Enters a New Era" on X. The article praises the Strategic Bitcoin Reserve (SBR) and describes the governor as a "staunch supporter of cryptocurrency." Greg Abbott is expected to sign the SBR into law.Previously reported, Texas passed the Strategic Bitcoin Reserve bill SB21, which was approved by a vote of 101 in favor and 42 against in its third reading, and it has now been submitted to the governor's office for signing.

ChainCatcher news, according to Bitcoin Magazine, H100 Group announced that it has purchased 4.39 bitcoins, becoming the first publicly listed company in Sweden to establish a bitcoin reserve.

ChainCatcher news, according to GlobeNewswire, the artificial intelligence education group Genius Group (NYSE American: GNS) announced that it has resumed its Bitcoin reserve buildup after lifting the injunction from the U.S. Court of Appeals. The company recently increased its holdings by 24.5 BTC, bringing its current total to 85.5 BTC (total cost $8.5 million, average price $99,700 per coin), a 40% increase from before.The company reiterated its plan to continue increasing its holdings to a target of 1,000 BTC by November 2024. CEO Roger Hamilton stated that rebuilding the Bitcoin reserve is a key part of the company's development strategy for 2025, aimed at promoting AI, Bitcoin, and community education.

ChainCatcher news, according to Bitcoin Laws, Texas has passed the strategic Bitcoin reserve bill SB 21, which was approved by a vote of 101 in favor and 42 against in its third reading, and is now submitted to the governor's office for signing.

ChainCatcher news, according to Cointelegraph, Strive, a company founded by Vivek Ramaswamy, is seeking to acquire the 75,000 Bitcoin claims of the bankrupt exchange Mt. Gox at a discounted price to expand its Bitcoin reserves. The company has partnered with 117 Castell Advisory Group LLC, targeting Bitcoin claims that have received clear legal rulings but have not yet been allocated. Strive plans to transform into a Bitcoin investment company through a reverse merger with Asset Entities, expected to be completed by mid-year. Since the announcement of the merger plan, Asset Entities' stock price has increased by 1,170%, with a market capitalization of $122 million.

ChainCatcher news, Texas has passed the "Texas Strategic Bitcoin Reserve and Investment Act," allowing the state to invest in Bitcoin (BTC). The bill has now passed its second reading and is awaiting the governor's approval to become law.

ChainCatcher news, according to The Block, although the deadlines for several executive orders have passed without public announcement, analysts believe that Trump's upcoming Memecoin gala and Vance's Bitcoin 2025 keynote speech may provide new information.Analysts at K33 stated that the development of crypto policy remains a key catalyst, urging participants to pay attention to potential developments in strategic Bitcoin reserves in the coming days.However, analysts warned that recent executive orders could have far-reaching impacts on the digital asset market. The Trump administration has signed multiple executive orders, including the establishment of strategic Bitcoin reserves and a U.S. digital asset reserve, aimed at making the U.S. a global cryptocurrency hub.

ChainCatcher news, according to Bitcoin Magazine, the Texas Senate Bill SB 21 will have its second reading in the state House of Representatives today (May 20). The bill was introduced by Senator Schwertner and others, with Representative Capriglione serving as the House sponsor, aiming to establish and manage the "Texas Strategic Bitcoin Reserve."The core content of the bill includes investing in cryptocurrencies and authorizing the state auditor to have investment authority over the reserve and other specific state funds.

ChainCatcher news, according to the latest reports, El Salvador's Bitcoin reserves have appreciated by approximately $357 million. Since it began purchasing Bitcoin in 2021, El Salvador has achieved significant appreciation through the Bitcoin held by its treasury. The country is the first in the world to adopt Bitcoin as legal tender, aiming to promote economic development and financial inclusion. Despite the volatility of Bitcoin prices, the El Salvador government remains optimistic about its long-term value and plans to continue exploring the application of cryptocurrencies in the economy.

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter stated that the Texas Strategic Bitcoin Reserve Bill SB 21 will undergo its second reading on May 20, which is a crucial procedure before the final vote. If it is not passed by the House before the recess on June 2, the bill will expire and must be reintroduced in the next session. The bill has previously been approved by the House committee.

ChainCatcher news, according to Cointelegraph, Panama City Mayor Mayer Mizrachi hinted at the establishment of a city-level Bitcoin reserve in a post after meeting with two Bitcoin policy leaders from El Salvador. Mizrachi posted the message about "Bitcoin reserves" on the social platform X after meeting with El Salvador's Bitcoin advisor Max Keiser and the head of the Bitcoin office Stacy Herbert. The three discussed how Panama and El Salvador could leverage renewable energy to promote the development of Bitcoin mining. Additionally, Panama City will incorporate El Salvador's financial literacy textbook "What is Money?" into its online library system.

ChainCatcher news, according to Decrypt, Brazilian publicly traded company Méliuz recently announced an investment of $28.4 million to purchase 274.52 bitcoins, with an average purchase price of $101,703 per coin. This move makes it the first publicly traded company in South America to establish a bitcoin reserve, and after the announcement, the company's stock price surged by 26% in a single day.The cash-back platform listed on the Brazilian stock exchange stated that this investment aims to create higher returns for shareholders by increasing the bitcoin holdings per share. Industry analysts pointed out that the company is emulating the bitcoin investment strategy of the American company Strategy (formerly MicroStrategy) to cope with the operational pressures in Brazil's high-interest-rate environment.As the largest economy in Latin America, Brazil's digital asset market is developing rapidly, currently hosting the highest number of cryptocurrency ETFs in the region. Market observers believe that the allocation of bitcoin assets by publicly traded companies is gradually becoming a global trend, but whether such strategic transformations can continue to create value remains to be seen over time.

ChainCatcher news, according to Bitcoin Magazine, since the launch of the Bitcoin reserve strategy, The Blockchain Group's stock price has increased by 1100% in the past 6 months.

ChainCatcher news, according to bitcoinmagazine, DDC Enterprise announced in its latest shareholder letter that it will incorporate Bitcoin into its strategic reserve assets, planning to accumulate 5,000 BTC over the next 36 months. The company will immediately purchase an initial batch of 100 BTC, with a short-term goal of increasing this to 500 BTC within six months.Founder and CEO Norma Chu stated that this strategy aims to hedge against macroeconomic uncertainty and enhance shareholder returns. This move marks DDC as one of the first companies in the industry to adopt Bitcoin reserves. The company will advance this plan under the guidance of its newly expanded crypto advisory and financial management team.

ChainCatcher news, according to Coincentral, Ukraine is developing a legal framework for holding Bitcoin in its national reserves, with a specialized parliamentary committee led by financial officials finalizing the legislative draft.Senior lawmaker Yaroslav Zhelezniak confirmed that Ukraine plans to establish a cryptocurrency reserve infrastructure, and he is responsible for overseeing the preparation of the relevant legal draft. The proposal aims to regulate the country's acquisition, storage, and management of Bitcoin reserves, striving to align with the cryptocurrency regulations expected to be introduced in 2025. The law will support the holding of digital assets for national fiscal planning, and authorities will ensure transparency, compliance, and oversight by the central bank and regulatory bodies.It is reported that Ukraine is receiving support from Binance to establish a national Bitcoin reserve, with cooperation including guidance on the reserve mechanism and technical infrastructure, and both parties are actively discussing the implementation of the reserve strategy. Additionally, Ukraine plans to coordinate with the national bank and the International Monetary Fund to pass a comprehensive digital asset law by early 2025, covering fiscal policy formulation, exchange regulations, anti-money laundering measures, and capital gains tax, clarifying the legal responsibilities of market participants and state institutions.

ChainCatcher news, according to Bitcoin Laws, the Texas Strategic Bitcoin Reserve Bill SB 21 has passed the DOGE committee without amendments. The bill no longer needs to be submitted for review by other committees and is expected to enter the final voting stage.

ChainCatcher news, according to Bitcoin News, the Arizona Senate has passed the Bitcoin Reserve Bill SB 1373, which is now submitted to Governor Hobbs for final approval.Previously, the Governor of Arizona vetoed the state's strategic Bitcoin Reserve Bill SB 1025.