The Texas Strategic Bitcoin Reserve is a state‑managed fund that will purchase and hold Bitcoin outside the regular treasury system as a long‑term asset for the state

Quotes that support claims

It’s a state-managed fund that will allow Texas to purchase and hold Bitcoin outside of its regular treasury system.

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.