Texas Makes Bold Move with State-Funded Bitcoin Reserve

Texas Makes Bold Move with State-Funded Bitcoin Reserve

By Miles

23 Jun 2025 (18 days ago)

1 min read

Share:

Texas has officially launched a state-funded Bitcoin reserve, becoming the first U.S. state to do so independently.

Texas now stands as the third U.S. state to create a Bitcoin reserve—but marks the first to authorize a publicly funded, standalone reserve managed outside the state treasury. Governor Greg Abbott approved SB 21, enabling the Texas Comptroller to manage the fund, and HB 4488, which shields it from being swept into general revenue—even if no Bitcoin is acquired by next summer.

The fund is structured with safeguards: only assets with average market caps above $500 billion qualify (right now only Bitcoin meets this bar), and a five-member expert advisory board is mandated. Texas Blockchain Council’s Lee Bratcher anticipates the initial investment could reach tens of millions, with precise amounts and timing set by professional managers in the Comptroller’s office.

The initiative aligns with Texas’s growing role in the crypto space—home to significant mining operations and a progressive financial outlook. Supporters view Bitcoin as a long-term hedge against inflation and economic instability, whereas critics warn of its price volatility

Texas’s move echoes earlier actions by Arizona and New Hampshire, but stands out by being publicly funded and legally insulated, marking a significant milestone in state-level crypto adoption.

Share:
Go back to All News
Previous article

Trump Media Files for Bitcoin-Ethereum ETF Amid Crypto Expansion

Trump Media Files for Bitcoin-Ethereum ETF Amid Crypto Expansion
Next article

Trump Cuts Crypto Stake Behind the Scenes

 Trump Cuts Crypto Stake Behind the Scenes