Texas is expected to become the third state to establish a Bitcoin reserve, following New Hampshire and Arizona, with Governor Greg Abbott likely to sign the relevant bill. Lee Bracht, founder and chairman of the Texas Blockchain Council, stated that if the bill passes in the state legislature, he believes Abbott will sign it. If Abbott does sign the legislation within a week, Texas will become the third state to establish a Bitcoin reserve. Bracht anticipates that Texas may invest tens of millions of dollars into Bitcoin, with the specific amount to be determined by the public finance commissioner based on mature investment standards.