Greetings from TNBTC!

There are almost too many headlines to cover as bitcoin continues towards global adoption. It was even a serious topic of discussion at the World Economic Forum, in Davos. But the news we’re most excited about in 2026 is related to what’s happening in Tennessee! Read on to learn more.

📡 Events

Bitcoin Park Meetup: Thursday, Feb. 12 6-8 pm

If you’re ready to take the next step in your bitcoin journey, our friends at Bitcoin Park in Nashville are hosting a first-come, first-served workshop for people who want to learn about bitcoin fundamentals in a hands-on environment. Seating is limited, so RSVP here.

☕ News

Tennessee Legislature to Consider SBR

The volunteer state may lead the way with bitcoin adoption.

House Bill 1695 is a historic first for Tennessee and if passed, could position Tennessee as a leader in adopting a bitcoin standard at the state level. It gives the State Treasurer’s Office the flexibility to hold a modest bitcoin allocation, paired with strict custody and transparency requirements. The Tennessee Bitcoin Alliance worked closely with legislators to craft this bill, and we’re excited that it will be considered in the 2026 legislative session. We encourage you to write your representatives to support this bill.

U.S. Treasury Commits: No More Bitcoin Sales

Clarity lacking a year after an executive order to form an SBR.

The White House has largely been silent on the next move in creating a Strategic Bitcoin Reserve as outlined in President Trump’s February 2025 executive order. When? How? How much? How will it be funded? There have been more questions than answers… until January 20 when U.S. Treasury Secretary Scott Bessent re-affirmed that the administration will halt all sales of seized BTC and instead add it to the Strategic Bitcoin Reserve (SBR). The statement aligns with Executive Order 14233, which requires forfeited bitcoin to be held in the U.S. Strategic Bitcoin Reserve rather than liquidated.

Strategy Buys 82 Days’ Worth of Bitcoin Supply in Three Weeks

The math is simple: demand is outpacing supply.

Microstrategy (now Strategy: MSTR) chaired by Michael Saylor, has become the largest publicly owned holder of bitcoin, and seems to be increasing its holdings at a much faster rate. Between January 1 and 19, the company purchased 37,219 bitcoins worth over $3.496 billion, representing 82 days supply of new bitcoin, and now holds a total of 709,715 coins. Only 450 new bitcoins are mined each day. As individuals, companies, states, banks, sovereign wealth funds, and even countries mine and purchase bitcoin at breathtaking rates, it will eventually create a mass supply and demand imbalance.

Senate Advances Crypto Market Structure Bill

Historic milestone, but bipartisan work remains.

The U.S. Senate Agriculture Committee voted today to advance the Digital Asset Market Structure Act – the first time crypto market structure legislation has cleared a Senate committee. The bill would give the CFTC primary oversight of digital commodities and create clearer rules for exchanges and intermediaries.

The vote was 12-11 along party lines, and the bill still needs to clear the Senate Banking Committee before reaching the full chamber. Democrats and Republicans remain divided on key provisions, including ethics rules around government officials' crypto holdings. The White House is hosting a meeting next week to find common ground.

This is progress, but the finish line is still ahead.

“Bitcoin is even more independent than central banks.”

Coinbase CEO drops truth bomb at Davos WEF meeting.

Central banks are having to defend their existence in a world of “private money” as demonstrated by a panel discussion at Davos that caught headlines around the world. Bank of France Governor François Villeroy de Galhau, claimed that bitcoin has private issuers and people should trust “independent central banks with a democratic mandate.” In a response that was heard around the world, Coinbase CEO, Brian Armstrong stated, “Bitcoin is a decentralized protocol. There’s actually no issuer of it. And so in the sense that central banks have independence, bitcoin is even more independent. There’s no country or company or individual who controls it in the world.”

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📜 The Bitcoin List

"A journey of a thousand miles begins with a single step." — Lao Tzu

If you're reading this newsletter, you have some interest in bitcoin, even if it's just a passing curiosity. We’re here to help you in that journey by providing a list of achievable steps you can take towards financial freedom.

This Month’s Mission, Should You Choose to Accept It:

In our last edition we encouraged you to read the Bitcoin White Paper. This week, let’s dive into the topic of “What is money?” A basic grasp of the properties of money will help us distinguish between “good” money and “bad” money. Once you know the difference, you’ll be on a path to make an educated choice. Read pages 9-11 of our primer Bitcoin Foundations — Your Day-One Guide.

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