Texas has established the United States’ first state-level Bitcoin reserve following the enactment of Senate Bill 21, committing $10 million in public funds to the newly formed Texas Strategic Bitcoin Reserve. Managed by the Texas Comptroller’s office, this marks a pioneering move into digital asset investment at the state government level.
The initiative designates Bitcoin as the exclusive asset for the reserve, reflecting a conservative yet strategically forward-looking approach to treasury management. Oversight will be provided by a specialized cryptocurrency advisory committee that will guide the Comptroller’s implementation of the program.
Industry leaders including the Texas Blockchain Council project the initiative could inspire similar cryptocurrency adoption by other states. The legislation permits future expansion beyond the initial $10 million allocation, with long-term projections indicating potential growth to $1.5 billion as the program scales.
This historic allocation positions Texas at the forefront of institutional cryptocurrency adoption, creating a blueprint for public-sector digital asset management while maintaining targeted exposure through Bitcoin exclusively.