Texas Doubles Down on Bitcoin with First State-Owned Crypto Reserve
Texas is solidifying its pro-crypto stance with Governor Greg Abbott’s signing of SB21, establishing the Texas Strategic Bitcoin Reserve—a sovereign Bitcoin treasury managed separately from traditional state funds.
Unlike ordinary reserves, this fund will exclusively hold high-market-cap assets (over $500B), with Bitcoin as its inaugural holding. The Comptroller of Public Accounts will oversee it, advised by a trio of crypto investment specialists.
Beyond direct purchases, the reserve can expand via forks, airdrops, and public contributions, ensuring dynamic growth. Transparency is guaranteed through biennial disclosures.
With HB 4488 already safeguarding the fund from budget shifts, Texas leads the pack as the first state to allocate public funds to a dedicated Bitcoin reserve—setting a precedent for others to follow.
