Finance:Texas Strategic Bitcoin Reserve

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Short description: Bitcoin based state reserve fund

The Texas Strategic Bitcoin Reserve is a strategic reserve fund that enables the State of Texas to purchase cryptocurrency.

History

The bill was originally introduced as SB 21 by Senator Charles Schwertner as a way to enable the State of Texas to purchase digital cryptocurrency as a strategic reserve.[1] Any cryptocurrencies purchased with money in the reserve must have an average 24-month market capitalization of at least $500 billion.[2] The bill was co-written by Representative Giovanni Capriglione.[3] It was reported to mirror the strategic bitcoin reserve of the United States federal government created through executive order by Donald Trump.[4]

It passed the Texas Senate in March 2025 by a vote of 25 to 5. It passed the Texas House of Representatives in May 2025 by a vote of 101 to 42.[5]

The bill was signed into law by Governor Greg Abbott on June 22, 2025.[6] Following Arizona and New Hampshire, Texas is the third state to enact legislation creating a bitcoin reserve on the state level.[7]

On November 20, 2025, Texas bought $5 million worth of Bitcoin at a price of approximately $87,000 per BTC. This initial purchase was done through the BlackRock iShares Bitcoin Trust ETF (NASDAQ: IBIT).[8]

See also

References

  1. ↑ Rouner, Jef (17 January 2025). "Bill to Create Texas Bitcoin Reserve Filed Despite Risks". Reform Austin. https://www.reformaustin.org/texas-legislature/bill-to-create-texas-bitcoin-reserve-filed-despite-risks/. 
  2. ↑ "Texas Strategic Bitcoin Reserve and Investment Act". Act of 2025. Sec. 403.704. https://capitol.texas.gov/tlodocs/89R/billtext/html/SB00021F.htm. 
  3. ↑ Malcolm, Timothy (21 May 2025). "Texas House passes Bitcoin reserve, paving way for new setup". Houston Chronicle. https://www.chron.com/news/houston-texas/article/strategic-bitcoin-reserve-crypto-house-20338770.php. 
  4. ↑ Dale, Brady (22 May 2025). "Strategic bitcoin reserve bill passes in Texas". Axios. https://www.axios.com/2025/05/22/strategic-bitcoin-reserve-bill-passes-in-texas-crypto. 
  5. ↑ "Texas House Approves SB 21, Paving Way for State-Run Bitcoin Reserve". Texas Policy Research. 22 May 2025. https://www.texaspolicyresearch.com/texas-house-approves-sb-21-paving-way-for-state-run-bitcoin-reserve/#:~:text=SB%2021%2C%20the%20Texas%20Strategic,cryptocurrency%20assets%20using%20public%20funds.. 
  6. ↑ Williams, Zach (22 June 2025). "Texas Gov. Abbott Signs Bill to Create State Bitcoin Reserve". Bloomberg Government. https://news.bgov.com/bloomberg-government-news/texas-gov-abbott-signs-bill-to-create-state-bitcoin-reserve. 
  7. ↑ Tsiaperas, Tasha; Dale, Brady (28 May 2025). "Strategic bitcoin reserve bill clears hurdle in Texas Legislature". Axios. https://www.axios.com/local/houston/2025/05/28/strategic-bitcoin-reserve-bill-clears-hurdle-in-texas-legislature. 
  8. ↑ Zimmerman, Micah (2025-11-25). "Texas Becomes First U.S. State to Buy $5M of BlackRock's Spot Bitcoin ETF". Bitcoin Magazine. https://bitcoinmagazine.com/news/texas-buys-5m-of-spot-bitcoin-etf. 



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