Lone Star State Moves to Hold Bitcoin in Its Official Treasury
Texas is making crypto history. The Texas House of Representatives has passed Senate Bill 21 (SB 21)—a groundbreaking proposal to create a state-run Bitcoin reserve. After clearing its second reading, the bill now heads to the governor’s desk for final approval.
If signed into law, Texas will become the first U.S. state to officially hold Bitcoin as part of its financial reserves.
Why This Matters
Texas is already known as a crypto-friendly hub, with abundant mining operations and blockchain innovation. SB 21 strengthens this image by merging public finance with decentralized assets.
Key Highlights of SB 21:
Establishes the Texas Strategic Bitcoin Reserve
Allows gradual and strategic BTC acquisition
Aims to diversify holdings, hedge against inflation, and modernize the treasury
Includes oversight to ensure responsible reserve management
Supporters say this is a bold step toward financial innovation, aligning Texas with the growing global trend of digital asset adoption.
What’s Next?
With two successful readings, the final hurdle is the governor’s signature. If approved, Texas will lead the way as the first state to hold Bitcoin officially.
This could inspire a wave of crypto adoption at the state level, sending a clear message: Texas is all in on the future of finance.
Related Stories:
Germany Misses $2.3B Profit on Bitcoin Sale
Senate to Vote on GENIUS Act Tomorrow
Bitcoin Short Squeeze Looms with $23.8B at Risk