US EditionBitcoin (BTC) News: Texas Readies $10M Purchase
- On June 21, 2025, Texas enacted Senate Bill 21, which creates a state-managed Bitcoin reserve financed through public funds.
- This legislation follows House Bill 4488, which protects the Bitcoin reserve from being swept into the state's general revenue.
- SB21 stipulates that only cryptocurrencies with an average market value of at least $500 billion over the past year are eligible, currently limiting qualification solely to Bitcoin.
- The state will appropriate $10 million to purchase Bitcoin and create the Texas Strategic Bitcoin Reserve, legally independent from the main treasury.
- Texas’s new crypto policies align with a growing institutional trend but have drawn some criticism regarding government involvement in volatile assets.
47 Articles
47 Articles
Capitol Fa - Your Illinois News Radar » Question of the dayCapitolFax.com
* AInvest… Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). This legislation creates the Texas Strategic Bitcoin Reserve, enabling the Comptroller to purchase BTC as long as the asset’s market cap [...]
Texas Pioneers US First State-Backed Bitcoin Reserve » News.ng
Texas has officially become the first U.S. state to establish a publicly funded Bitcoin reserve, setting a new precedent in state-level crypto adoption. Governor Greg Abbott signed the landmark legislation into law over the weekend, approving a $10 million allocation for the purchase of Bitcoin. While the amount represents just a fraction of the state’s total budget—approximately 0.0004%—it marks a significant commitment to embracing digital ass…
State-Level Bitcoin Adoption Grows as Texas Moves to Acquire $10M BTC - Crypto News Flash
The establishment of a “Texas Bitcoin Reserve” was among Lieutenant Governor Dan Patrick’s top priorities for the 2025 legislative session. With bipartisan support, Senate Bill 21 passed decisively in both the House and Senate, reflecting Texas’s strong commitment to BTC as part of its financial strategy. Bitcoin adoption by US states continues to gain momentum as Texas prepares to make a $10 million BTC purchase as part of its strategic Bitcoin…
Texas Goes All-In: $10M Bitcoin Purchase Signals New Age for State Reserves - The Cryptocurrency Post
TL;DR Texas becomes the first U.S. state to commit $10 million to a dedicated Bitcoin reserve, signaling a bold embrace of crypto in public finance. Senate Bill 21 creates a standalone Bitcoin fund under the state comptroller and advisory committee, with growth via purchases, forks, airdrops, and contributions. Companion HB 4488 protects the reserve from budget sweeps, granting Bitcoin a sovereign-like status and inspiring potential crypto trea…
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