The State of Texas has officially established the United States’ first state-funded Bitcoin reserve, allocating $10 million toward the digital asset under the newly signed Senate Bill 21 (SB21). The legislation, approved by Governor Greg Abbott over the weekend, positions Texas at the forefront of sovereign crypto adoption in the U.S.
BREAKING: TEXAS TO BUY $10 MILLION WORTH OF #BITCOIN FOR STRATEGIC RESERVE – COINDESKIT COULD BE THE 1st STATE TO BUY BTC. ABSOLUTELY MASSIVE 🔥🔥🔥 pic.twitter.com/rh4YNC7JgN— The Bitcoin Historian (@pete_rizzo_) June 23, 2025
Unlike other states such as Arizona and New Hampshire, which passed symbolic crypto reserve bills, Texas has backed its initiative with real capital and a long-term strategy, marking a milestone moment for Bitcoin’s integration into government-backed financial policy.
Strategic Bitcoin Reserve Becomes Reality in Texas
Under SB21, the Texas Strategic Bitcoin Reserve will be maintained separately from the state’s general treasury. The Texas Comptroller of Public Accounts will manage the reserve, supported by a three-member crypto advisory committee comprised of digital asset investment experts.
Only cryptocurrencies with a market capitalization over $500 billion are eligible for inclusion, effectively limiting the reserve to Bitcoin at present.
Governor Abbott also signed a companion bill, HB 4488, which legally shields the Bitcoin reserve from traditional “fund sweeps” that redirect unused funds back to general state coffers. The reserve may also grow through airdrops, forks, investment gains, or public crypto donations, with performance reports published biennially.
A Move in Line with National Pro-Crypto Sentiment
Texas’s Bitcoin reserve comes on the heels of growing national-level crypto momentum, spurred in part by President Donald Trump’s pro-Bitcoin stance. Trump has previously backed the idea of a national crypto reserve, although his administration has suggested it be budget-neutral, funded through seizures or crypto bond issuance rather than direct state allocations.
This rising support is now mirrored at the state level, as Texas emerges as a pioneer in digital asset-based fiscal policy, especially in the face of persistent inflation and macroeconomic uncertainty.
Corporations and Governments Eye Bitcoin for Treasury Diversification
Texas’s bold move reflects a larger trend of Bitcoin adoption as a sovereign financial instrument. According to data from BitcoinTreasuries, the private sector continues to mirror this behavior.
Just last week:
Nakamoto Holdings, led by Trump’s crypto adviser David Bailey, raised $51.5 million through a PIPE deal to buy more BTC.
The Blockchain Group, a Paris-listed firm, purchased 182 BTC for $19.6 million, increasing its total holdings to 1,653 BTC.
The move by Texas is likely to fuel further adoption at both public and corporate levels, as Bitcoin continues to gain traction as a long-term hedge and asset diversification tool.
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