CandleFocus Satoshi Action Fund Shares Strategic Bitcoin Reserve Model
2024-11-18
Author: Content Editor
The CEO of Satoshi Action Fund, Dennis Porter, has announced the release of the firm's Strategic Bitcoin Reserve Policy Model. The model is designed to help states incorporate Bitcoin into their reserves responsibly and securely. It addresses operational aspects such as tax payments and provisions for state retirement funds to invest in digital assets. The draft also outlines definitions for key terms and authorizes the State Treasurer to invest up to 10% of public funds in Bitcoin. The model aims to assist the integration of Bitcoin into public finance systems across the US as discussions around establishing a Bitcoin National Reserve continue.
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