Texas Moves Closer to Becoming First State to Hold Bitcoin

Krutika Adani

Bitcoin Reserve Bill Passes Texas House

The Texas House just approved Senate Bill 21 with a 101–42 vote. The bill proposes a state-run Bitcoin reserve—next stop: Governor Greg Abbott’s desk.

What’s Inside Senate Bill 21?

SB 21 outlines the creation of the Texas Bullion Depository Reserve Fund—allowing investments only in digital assets with a 24-month market cap over $500B, mainly Bitcoin.

Where Will the Bitcoin Funds Come From?

Funding may come from legislative allocations and private donations—exclusively from Texas residents. Transparency reports will be issued every two years.

Why Texas Wants Bitcoin in Its Treasury

Lawmakers see Bitcoin as a hedge and future-proofing strategy. With its crypto-friendly stance, Texas is ready to go from mining BTC to holding it.

Governor Abbott’s Move Could Make History

If signed by Abbott within 20 days, Texas will become the first U.S. state to officially hold Bitcoin—joining other pro-BTC governments like New Hampshire.

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