Texas governor signs bill adding Bitcoin to official reserves

Description

Texas officially established a separate Bitcoin reserve fund as a long-term state asset, administered by the comptroller and supported by a crypto advisory committee.

Authors

Amin Haqshanas

Publish date

June 22, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/texas-creates-bitcoin-reserve-with-public-funds

Referenced by

Texas becomes third state to establish Bitcoin reserve

Crypto news

News story

Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will hold Bitcoin as part of the state’s long-term financial assets.

Crypto news

Quote

The newly established reserve operates independently of Texas’ general treasury system and aims to strengthen the state’s financial resilience while serving as a potential hedge against inflation, according to the bill text.

Crypto news

Quote