Titelseite > Nachrichtenzentrum > Texas has created the first state-funded Bitcoin reserve

Texas has created the first state-funded Bitcoin reserve

Veröffentlichungszeit: 2025-06-24

Texas has become the first US state to establish a publicly funded, stand-alone Bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law over the weekend.

Unlike Arizona and New Hampshire, which approved similar legislation, Texas allowed the reserve and provided funding for it.

The state has allocated $10 million to invest in the Bitcoin reserve.

With this approach, Texas has made a significant step toward the future of finance.

Trump’s pro-crypto stance attracts more US states to adopt Bitcoin reserves The Bill 21 requires the state to set up a Bitcoin reserve that operates separately from the main treasury.

This aligns with a few other states also looking into digital asset reserves.

The announcement that Texas has allocated $10 million for a Bitcoin reserve comes months after the Trump administration said it would establish a national crypto reserve.

However, such a vehicle is supposed to be funded strictly by budget-neutral means, such as crypto asset seizures or issuing crypto bonds.

Abbott also signed bill HB 4488, a companion measure that shields the Bitcoin reserve from standard “fund sweeps” into the state’s general revenue.

The legislation changes how states handle digital assets, not just as speculative devices, but as sovereign financial instruments that one might want to hold onto for the long term.

Texas sets up Bitcoin reserve to fight inflation and flex financial muscle Texas Governor Greg Abbott signed Senate Bill 21 (SB21), which finally allowed the establishment of the Texas Strategic Bitcoin Reserve.

According to the bill’s text, the new reserve will help make the state more financially resilient while acting as a potential hedge against inflation.

In addition, only cryptocurrencies with a market cap of over $500 billion can be included, a threshold only Bitcoin currently has.

The Texas Comptroller of Public Accounts will manage the fund and be guided by an advisory committee with three crypto investment experts.

Aside from direct purchases, the reserve could be filled through forks, airdrops, investment profits, or public crypto donations.

A public report listing the fund’s holdings and performance will be issued every two years.

With this, Texas becomes the third state in the US to pass Bitcoin reserve legislation.

Public firms demonstrate a growing trend of purchasing more BTC for their treasuries Several publicly traded companies follow Michael Saylor’s strategy by adopting Bitcoin as a treasury asset.

For instance, on Friday, June 20, US President Donald Trump’s cryptocurrency adviser, David Bailey‘s Bitcoin holding company Nakamoto Holdings, raised $51.5 million in new funds through a private placement in public equity (PIPE) deal to purchase more BTC.

Moreover, last week, The Blockchain Group, a technology company listed in Paris, increased its Bitcoin reserves by buying 182 BTC for around $19.6 million.

This purchase raised its total holdings to 1,653 BTC.

Just over the past month, companies have added Bitcoin to their treasuries, a trend that has been documented with the help of data from BitcoinTreasuries.

Furthermore, NET shows public companies still have an appetite for BTC.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More.

Neueste Nachrichten

Solana Memecoin Market: Pump.fun’s Astonishing Dominance Unveiled
2025-08-18
BitcoinWorld Solana Memecoin Market: Pump.fun’s Astonishing Dominance Unveiled The dynamic world of
Samson Mow Pushes Mining Hardware Ban as Bitcoin Core 30 Sparks Spam Debate
2025-08-18
Bitcoin’s ongoing scaling dispute has taken a new twist as industry figures debate how to handle wha
AI Chatbot Regulation: Texas AG Launches Alarming Probe into Meta, Character.AI
2025-08-18
BitcoinWorld AI Chatbot Regulation: Texas AG Launches Alarming Probe into Meta, Character.AI In an e
Market Is Falling, But XRP and Cardano (ADA) Whales Are Thriving – Here are the Latest Figures
2025-08-18
Despite the recent correction in the cryptocurrency market, Cardano (ADA) and XRP whales continue to
Massive XRP Transfer: 200 Million XRP Moves from Ripple to Unknown Wallet
2025-08-18
BitcoinWorld Massive XRP Transfer: 200 Million XRP Moves from Ripple to Unknown Wallet A significant
Amdax Unveils Euronext-Bound Bitcoin Treasury Targeting 1% Supply – Europe’s MicroStrategy?
2025-08-18
Amsterdam-based crypto service provider Amdax has announced the launch of AMBTS B.V. , a new Bitcoin

Copyright © 2006–2025 Zraox – Ihr Netzwerk für Social Investment, alle Rechte vorbehalten.