Texas is the 3rd state to finish in the Bitcoin fund race in the U.S.

The governor of Texas has signed a law to establish a fund to collect and hold Bitcoin. Although it is only the 3rd state after Arizona and New Hampshire, Texas stands out as the first state to use public funds to build a Bitcoin reserve fund.

- Only allows investment in assets with a market capitalization over 500 billion USD – currently only Bitcoin meets this standard

- The fund can grow through airdrops, profits, or donations

- Reports every 2 years to maintain transparency

In addition, this state has also passed law HB4488 to protect the fund from being dissolved or redirected for other purposes, even if it hasn't had the chance to purchase BTC in the first year.