Discover the potential $23 billion strategic Bitcoin reserves in US states as proposed by VanEck. Learn about the latest developments in legislation for digital asset holdings.
Matthew Sigel, the head of digital asset research at VanEck, stated that if the proposed bills for strategic Bitcoin reserves are approved in US states, approximately 247,000 Bitcoins worth $23 billion could be purchased. Currently, 19 US states are considering legislation to hold digital assets, with Arizona and Utah having already passed this law. In a recent development, Texas has introduced a bill to establish an investment fund in Bitcoin and other high-market-value digital currencies. This projected amount is more than the 198,100 Bitcoins held by the federal government.
