Texas Bitcoin Reserve Overview
~2,000–5,000 BTC (est.)
Friendly Regulatory Status
Leading with Texas Strategic Bitcoin Reserve (SB 21)
Texas Strategic Bitcoin Reserve
Current status is PASSED, AWAITING GUBERNATORIAL APPROVAL
Texas has passed legislation to establish a state Strategic Bitcoin Reserve, positioning the state as a leader in cryptocurrency adoption, with assets held in cold storage for at least five years and subject to third-party audits.
Using up to 1% of the Rainy Day Fund (~$23.77 billion) per biennial cycle, Texas could allocate approximately $200M–$500M for Bitcoin, equating to ~2,000–5,000 BTC at ~$100,000/BTC.
5/22/2025
HOUSE PASSED
SB 21 passed the House of Representatives, establishing the Texas Strategic Bitcoin Reserve with crypto donation provisions and third-party audits.
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5/7/2025
HOUSE COMMITTEE PASSED
SB 21 and HB 1598 passed House Committee on Delivery of Government Efficiency (9-4). SB 21 establishes a reserve outside the treasury, while HB 1598 proposes a reserve within the treasury with five-year cold storage.
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4/2/2025
PROPOSED
House Bill 4258 filed, authorizing $250M from the Rainy Day Fund for Bitcoin and crypto investments. Moved to committee.
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3/6/2025
SENATE PASSED
Senate Bill 21 passed Senate (25-5), establishing the Texas Strategic Bitcoin Reserve for cryptocurrencies with market cap >$500B.
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1/16/2025
PROPOSED
Senator Charles Schwertner introduced Senate Bill 778, proposing a Strategic Bitcoin Reserve outside the treasury.
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12/12/2024
PROPOSED
House Bill 1598 filed by Rep. Giovanni Capriglione, proposing a Bitcoin reserve within the state treasury with five-year cold storage.
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