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

SB 2639, the "Tennessee Strategic Bitcoin Reserve Act," authorizes the state treasurer to invest up to 10% of certain public funds (like the general fund and revenue fluctuation reserve) in Bitcoin, subject to strict security and reporting rules. It requires all Bitcoin holdings to be held through secure custody solutions - using multi-location key storage, annual security audits, and multi-party transaction approvals - to protect state assets. The bill limits annual Bitcoin acquisitions to 5% of eligible funds until reaching the 10% cap, prohibits investments in other cryptocurrencies, and mandates annual public reports detailing holdings, value, and transactions. This directly affects how Tennessee manages its public investment portfolios and the state treasurer’s investment decisions.