Public Funds and Financing - As introduced, enacts the "Tennessee Strategic Bitcoin Reserve Act." - Amends TCA Title 9, Chapter 4.

HB 1695, the "Tennessee Strategic Bitcoin Reserve Act," authorizes the state treasurer to invest up to 10% of certain state funds (including the general fund and revenue fluctuation reserve) in Bitcoin, subject to strict security and reporting rules. Key provisions require Bitcoin holdings to be stored using a "secure custody solution" with multi-location encrypted hardware, multi-party transaction approval, and annual security audits, and limit annual purchases to 5% of the cap until reaching 10%. The bill mandates annual public reporting on holdings, dollar values, transactions, and gains, with verification via on-chain cryptographic proof. It explicitly prohibits investing in any cryptocurrency other than Bitcoin and requires the state to develop internal self-custody by 2028. This policy directly affects how Tennessee manages its public investment portfolios.