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Austin, TX – May 21, 2025 — In a groundbreaking move that could reshape the financial landscape of the United States, the Texas Senate has overwhelmingly passed the Strategic $BTC
Bitcoin Reserve Bill (SB 21) — bringing the state just one signature away from officially becoming the first in the nation to hold Bitcoin as part of its treasury reserves.
The bill cleared its third reading with a decisive 101–42 vote, reflecting strong bipartisan support and a growing recognition of cryptocurrency’s role in the future of finance. The legislation now awaits final approval from Governor Greg Abbott, a vocal advocate for Bitcoin and blockchain innovation. Given his track record, insiders expect the bill to be signed into law swiftly.
If enacted, SB 21 will authorize the Texas Comptroller to establish a Strategic Bitcoin Reserve, a fund specifically designed to invest in digital assets — starting with Bitcoin, the world’s most valuable cryptocurrency. The bill sets an initial eligibility threshold for cryptocurrencies with a market capitalization of at least $500 billion, which currently includes only Bitcoin, but leaves room for expansion as the market evolves.
This move is a clear signal: Texas wants to lead in the rapidly maturing crypto space.
The bill's passage comes at a historic moment. $BTC recently shattered an all-time high, breaking above the $106,000 resistance level and entering price discovery mode, now trading at $107,038.68 (+0.69%). Texas legislators appear to be timing their move perfectly, aligning public policy with strong market performance.
The speed and momentum behind the bill also underscore the state’s desire to position itself as a crypto-forward jurisdiction, especially as other U.S. states begin exploring similar strategies.
Beyond Bitcoin: What's Next?
While Bitcoin is the immediate beneficiary, the bill opens the door for additional digital assets to be added in the future — as long as they meet the stringent market cap requirements. Analysts say this provision could give the Texas treasury flexibility to diversify its crypto holdings as the digital economy expands.
Final Step: Governor’s Signature
All eyes are now on Governor Abbott, who has previously stated:#BTCBreaksATH #BTC110KToday? #BinanceAlphaAlert #BinanceHODLerHAEDAL #DinnerWithTrump