Texas just became the first state to actually put Bitcoin in government reserves, beating Trump to the punch while Washington was still talking. Governor Greg Abbott signed Senate Bill 21 in June 2025, creating the Texas Strategic Bitcoin Reserve with $10 million in taxpayer funds. The move got bipartisan support and established legal frameworks for holding crypto. Only Bitcoin qualifies—no other cryptocurrencies allowed. Pretty bold for a state that just went ahead and did what others promised.
Texas just became the first state to put its money where its mouth is on Bitcoin. While everyone else talks about digital assets, the Lone Star State actually bought some.
Governor Greg Abbott signed Senate Bill 21 into law in June 2025, creating the Texas Strategic Bitcoin Reserve. Not a cute little side project—a real deal, separate fund with $10 million in public money backing it. That’s actual taxpayer dollars going into cryptocurrency. The initiative aligns with Bitcoin’s appeal as a fixed supply asset, making it resistant to inflationary pressures.
Texas just dropped $10 million in taxpayer money on Bitcoin—no practice rounds, no small bets, just straight into the crypto deep end.
The move has bipartisan support, which is frankly surprising given how politicians usually handle anything remotely controversial. But here we are. Texas lawmakers passed SB 21 through both chambers, then added HB 448 to protect the Bitcoin stash from getting swept into the general treasury during budget crunches.
Arizona and New Hampshire passed Bitcoin reserve bills before Texas. Big deal, right? Wrong. Those states didn’t create the infrastructure to actually hold the stuff securely. Texas did the heavy lifting with legal frameworks and dedicated oversight.
The Texas Comptroller runs the show, managing this digital treasure chest with help from a three-member crypto advisory committee. Because apparently you need experts to figure out how to not lose the keys to $10 million worth of Bitcoin. Smart move, honestly.
Only Bitcoin makes the cut for this reserve—no Dogecoin or whatever flavor-of-the-month crypto is trending. The bill requires any eligible cryptocurrency to have a market cap exceeding $500 billion. Bitcoin qualifies. Everything else? Not so much.
Texas can grow this reserve beyond direct purchases too. Airdrops, donations, investment profits—all fair game. The state’s treating Bitcoin like digital gold, a hedge against inflation and economic chaos. The initiative aims to diversify Texas’s financial portfolio beyond traditional assets.
This isn’t just about money. Texas is making a statement about institutional confidence in cryptocurrency. Other states are watching, probably wondering if they should follow suit or wait to see how this experiment plays out. The move comes on the heels of the Trump administration’s creation of a national crypto reserve.
The reserve operates independently from the general fund, with transparency requirements and accountability measures. Because nothing says “responsible government” like proper oversight of your Bitcoin holdings. Who would’ve thought we’d be writing that sentence five years ago?
