In a landmark move for crypto adoption in government finance, Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), establishing the Texas Strategic Bitcoin Reserve—the first publicly funded, state-managed Bitcoin treasury in the United States.
Under the new law, Texas will treat $BTC as a long-term strategic asset, maintaining a dedicated reserve managed by the Comptroller of Public Accounts and overseen by a three-member crypto advisory committee. The bill mandates that only digital assets with a market capitalization above $500 billion are eligible, effectively making Bitcoin the sole qualifying asset.
“This reserve positions Texas to lead in digital financial resilience,” lawmakers wrote in the bill, noting its potential to act as an inflation hedge and store of value.
Unlike other states such as Arizona and New Hampshire, which have passed similar legislation, Texas is the first to commit public funds to its Bitcoin initiative. The reserve is shielded from state budget reallocations under separate legislation—House Bill 4488—signed earlier this year.
In addition to direct purchases, the reserve can grow via forks, airdrops, capital gains, and even public crypto donations. A detailed report on its performance and holdings will be published every two years.
The move comes amid growing institutional interest in Bitcoin. Public companies like Strategy (formerly MicroStrategy), Nakamoto Holdings, and France’s Blockchain Group continue to expand their BTC treasuries, signaling mainstream momentum for digital assets as financial infrastructure.
With Texas now joining the ranks of sovereign-style Bitcoin holders, the state is positioning itself not just as a mining hub—but as a digital asset pioneer among U.S. jurisdictions.
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