Tag: Bitcoin Reserve
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CIMG Invests $55M in Bitcoin Reserve
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CIMG, a digital health and sales company, has officially stepped into the world of Bitcoin finance. On September 2, the company announced that it had completed the sale of 220 million common shares, raising $55 million. The proceeds were then used to purchase 500 Bitcoin as part of its new long-term strategy. The move reflects…
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Philippines Moves to Build $1.1B Bitcoin Reserve
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The Philippines has taken a major step towards adopting Bitcoin as a strategic reserve asset. A new proposal from Congressman Miguel Luis Villafuerte seeks to make Bitcoin part of the country’s long-term financial security plan. If passed, the law would put the Philippines among the world’s largest state-level Bitcoin holders. The Strategic Bitcoin Reserve Act…
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Texas House Passes Bitcoin Treasury Bill with Strong Majority
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The Texas House of Representatives has taken a pivotal step in securing the state’s digital future by passing Senate Bill 21 (SB 21), which proposes the creation of a Strategic Bitcoin Reserve. This legislation positions Texas as a trailblazer in integrating cryptocurrency into state-level financial strategies, signaling a bold embrace of digital assets. A Historic…
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White House Establishes Bitcoin Reserve as Crypto Summit Unfolds
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In a groundbreaking move, the White House has announced the establishment of a U.S. Bitcoin reserve, signaling a shift in federal crypto policy. The initiative, backed by President Donald Trump, aims to position Bitcoin as a distinct reserve asset, setting it apart from other digital currencies. 200,000 BTC to Form Core of U.S. Reserve A…