TechFlow news — On February 6, New Mexico State Senator Ant Thornton introduced the "Strategic Bitcoin Reserve Act" to the New Mexico Senate. The bill would allow the state treasurer and the State Investment Council to invest public funds in bitcoin.
According to the bill, eligible funding sources include the Land Grant Permanent Fund, the Mineral Tax Permanent Fund, the Tobacco Settlement Permanent Fund, and other state funds deemed appropriate by the State Investment Council. Investments in bitcoin from each fund may not exceed 5% of that fund's total public capital.
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