Texas Joins the Bitcoin Reserve Club, Authorizes State-Level BTC Holdings

Texas has officially become the third U.S. state to establish a government-run Bitcoin reserve, signaling a growing trend of digital asset adoption at the state level.

Governor Greg Abbott signed Senate Bill 21 into law, empowering the Texas Comptroller to allocate state resources into Bitcoin as part of a newly created fund operating outside the traditional treasury system.

The new legislation marks a significant shift in how states interact with crypto, positioning Texas not just as a mining hub, but as a long-term holder of Bitcoin. Under the provisions of SB 21, the state is now authorized to acquire and manage BTC directly, building what it terms a Strategic Bitcoin Reserve. The reserve will be administered independently from the main state budget, offering a dedicated mechanism for digital asset investment.

READ MORE:

Solaxy Set to Launch as Solana’s First Layer 2 After Raising $56 Million: Best Crypto to Buy?

The bill passed the state Senate earlier this year with a solid majority vote of 101 to 42, following months of debate and lobbying from crypto advocacy groups. One of the bill’s most vocal supporters, Dennis Porter of the Satoshi Action Fund, confirmed the signing shortly after it was finalized, hailing the move as a historic step in aligning government finance with digital innovation.

Texas now follows in the footsteps of other pro-Bitcoin states that have begun to explore how cryptocurrency can play a role in public finance and long-term fiscal resilience. The Lone Star State’s decision may encourage others to follow suit, especially as regulatory clarity improves at the federal level and the political tone around Bitcoin continues to shift.

Further details on how the fund will be managed and how much Bitcoin the state plans to accumulate are expected to emerge in the coming weeks.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.