In recent developments in the crypto space, Texas Governor Greg Abbott has signed Senate Bill 21, which establishes the Texas Strategic Bitcoin Reserve. This fund, independent of the state's treasury, aims to strengthen financial resilience by allowing Bitcoin to be included as a long-term asset. The reserve will be managed by the Texas Comptroller and guided by a committee of crypto investment professionals. Additionally, Samson Mow, founder of Jan3, is seeking to expand Bitcoin adoption in Europe after discussions with pro-Bitcoin French lawmaker Sarah Knafo about a Strategic Bitcoin Reserve for France. Meanwhile, Bitcoin holding company Nakamoto Holdings has raised $51.5 million via a private placement to enhance its Bitcoin treasury strategy, highlighting strong investor demand for its accumulation approach. The financing will allow Nakamoto to significantly increase its Bitcoin holdings as interest in the asset continues to grow.

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