Texas Bitcoin Reserve Strategy Becomes Reality With $10M Investment

The post Texas Bitcoin Reserve Strategy Becomes Reality With $10M Investment appeared first on Coinpedia Fintech News

Texas just made history by becoming the first U.S. state to create a publicly funded Bitcoin reserve. Governor Greg Abbott signed Senate Bill 21 into law over the weekend, allowing the state to set aside $10 million to buy Bitcoin. Unlike other states that have shown interest in digital assets, Texas is proving its commitment by putting real money on the line. Lone Star State becomes the first in the U.S. to officially fund a Bitcoin treasury

$10M Bitcoin Bet Is Now Official

The newly signed law directs the state to build a Bitcoin reserve that will be managed independently from the state’s main treasury. The Texas Bitcoin reserve will be managed by the state comptroller with guidance from a three-member crypto advisory committee. Along with direct purchases, the fund may grow through forks, airdrops, profits, or public donations. A detailed public report will be released every two years.

This makes Texas stand out from states like Arizona and New Hampshire, which approved similar legislation but never actually funded their crypto reserves.

The $10 million may sound small for a state the size of Texas, it’s just 0.0004% of the overall state budget, but crypto experts say it’s a big step forward. Lee Bratcher, president of the Texas Blockchain Council, says this sends a powerful signal that Texas is ready to lead in the future of finance. In addition, only cryptocurrencies with a market cap of over $500 billion can be included, a threshold that only Bitcoin currently has.

Bitcoin Reserve Gets Extra Legal Protection

Alongside Senate Bill 21, Governor Abbott also signed HB 4488. This bill makes sure that the Bitcoin held by the state isn’t accidentally swept into the general budget during financial reshuffling. In other words, Texas wants to keep its Bitcoin stash safe and untouched.

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This move comes as the Trump administration works on building a national crypto reserve, though the federal version plans to rely on crypto seizures or bond issuance instead of direct funding.

Texas, however, is making its crypto ambitions crystal clear. Bitcoin isn’t just a speculative asset anymore, and with more support from US states, it’s part of the state’s financial future. The move could spark interest from other states looking to modernize their treasury strategies. For now, Texas is the first to step up and put Bitcoin on the books, literally.