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Texas Bitcoin Reserves & Cryptocurrency Legislation

US State · TX
Friendly
State Holdings
—BTC
~$5M via IBIT ETF (placeholder)
Policy Stance
Friendly
Crypto legislation
State Code
TX
US State abbreviation
Last Updated
July 26, 2026
Verified data

Texas Bitcoin Reserve Overview

Texas became the THIRD US state to enact a Strategic Bitcoin Reserve when Governor Greg Abbott signed SB 21 on June 20-22, 2025. The reserve exists outside the state treasury under the custody of the Texas Comptroller of Public Accounts. Only cryptocurrencies with $500B+ 24-month average market cap qualify — making Bitcoin the only eligible asset. HB 4488 (passed same day) further insulates the reserve from being swept into the general revenue fund. In November 2025, the Comptroller made the reserve's first purchase — roughly $5 million of BlackRock's iShares Bitcoin Trust ETF (IBIT) at $51.87 per share, deploying half of the $10 million appropriated by the Legislature as a placeholder investment while a crypto custodian is selected.

Texas Legislative Breakdown

SB 21 signed June 20-22, 2025: Texas Strategic Bitcoin Reserve established outside state treasury, Comptroller-managed.

Texas Strategic Bitcoin Reserve

Current status: ENACTED — Strategic Bitcoin Reserve legislation signed into law.

As of July 26, 2026, Texas holds roughly $5 million in Bitcoin ETF shares (BlackRock IBIT) — the first funded US state reserve — as a placeholder while the Comptroller contracts a qualified crypto custodian through an RFP process. The state does not yet hold on-chain BTC directly. The timeline below tracks every verified legislative milestone.

Texas Legislative Timeline

  • 2025-11-20
    APPROVED
    Texas Comptroller made the reserve's first purchase — about $5 million of BlackRock's iShares Bitcoin Trust ETF (IBIT) at $51.87/share, becoming the first US state to fund a Strategic Bitcoin Reserve. Described as a placeholder investment pending a custodian RFP.
    Bill: SB 21 implementation
    Read More →
  • 2025-06-22
    APPROVED
    Governor Greg Abbott signed SB 21 (Texas Strategic Bitcoin Reserve Act) into law — Texas becomes 3rd US state with strategic BTC reserve.
    Bill: SB 21
    Read More →
  • 2025-06-20
    APPROVED
    HB 4488 signed — ensures reserve funds protected from general revenue sweep.
    Bill: HB 4488
    Read More →
  • 2025-05-30
    APPROVED
    Texas Senate adopted Conference Committee report on SB 21 (Y:23 N:8).
  • 2025-05-29
    APPROVED
    Texas House adopted Conference Committee report on SB 21 (Y:110 N:25).
  • 2025-03-06
    APPROVED
    Texas Senate passed SB 21 25-5 on third reading.
    Bill: SB 21
    Read More →
  • 2025-01-16
    PROPOSED
    Senator Charles Schwertner introduced SB 21 (originally SB 778) proposing Texas Strategic Bitcoin Reserve.
    Bill: SB 21
    Read More →
  • 2024-12-12
    PROPOSED
    Rep. Giovanni Capriglione filed HB 1598 — predecessor Bitcoin reserve bill.
    Bill: HB 1598
    Read More →

Texas Bitcoin Reserve FAQs

Does Texas have a state Bitcoin reserve?

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As of July 26, 2026: Texas became the THIRD US state to enact a Strategic Bitcoin Reserve when Governor Greg Abbott signed SB 21 on June 20-22, 2025. The reserve exists outside the state treasury under the custody of the Texas Comptroller of Public Accounts. Only cryptocurrencies with $500B+ 24-month average market cap qualify — making Bitcoin the only eligible asset. HB 4488 (passed same day) further insulates the reserve from being swept into the general revenue fund. In November 2025, the Comptroller made the reserve's first purchase — roughly $5 million of BlackRock's iShares Bitcoin Trust ETF (IBIT) at $51.87 per share, deploying half of the $10 million appropriated by the Legislature as a placeholder investment while a crypto custodian is selected.

How much Bitcoin does Texas hold?

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Texas holds roughly $5 million in BlackRock iShares Bitcoin Trust ETF (IBIT) shares, purchased November 20, 2025 as the first funded US state Bitcoin reserve. The Legislature appropriated $10 million total; the state does not yet hold on-chain BTC directly.

What is Texas's Bitcoin policy stance?

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Texas is classified as 'Friendly' on Bitcoin-related state legislation. Key legislation: SB 21 signed June 20-22, 2025: Texas Strategic Bitcoin Reserve established outside state treasury, Comptroller-managed.

Has Texas passed a Strategic Bitcoin Reserve bill?

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See the Texas legislative timeline above for current bill status. As of July 26, 2026, only Arizona (HB 2749), New Hampshire (HB 302), and Texas (SB 21) have enacted state Strategic Bitcoin Reserve laws.

Is Bitcoin legal in Texas?

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Bitcoin is legal to buy, hold, and sell across all US states, including Texas, under federal law. State-level rules mainly govern money-transmitter licensing, consumer protection, and whether the state treasury may hold Bitcoin.

Is cryptocurrency taxed in Texas?

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Federal capital-gains tax applies to crypto nationwide. State tax treatment in Texas depends on whether it levies a state income tax; consult a qualified tax professional, as guidance evolves.

Is Bitcoin mining allowed in Texas?

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Bitcoin mining is generally permitted across US states, though Texas may apply energy, zoning, or noise regulation. Any mining-specific measures are noted in the legislative breakdown above.

Which US states have enacted Bitcoin reserve laws?

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Three states have enacted Strategic Bitcoin Reserve laws: Arizona (HB 2749, May 7 2025), New Hampshire (HB 302, May 6 2025), and Texas (SB 21, June 2025). Texas made the first state reserve purchase (~$5M in a Bitcoin ETF, November 2025); several others have active proposed legislation.

Can Texas's state treasury invest in Bitcoin?

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A state treasury can hold Bitcoin only if legislation explicitly authorizes it. Texas's current authority is reflected by its stance ('Friendly') and the key legislation listed above.

When was Texas's Bitcoin legislation last updated?

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This page reflects verified data as of July 26, 2026, sourced from official state legislative records (LegiScan) and signed gubernatorial press releases.

Where can I verify Texas's Bitcoin reserve information?

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All bill numbers, dates, and signatures are sourced from official Texas legislative records via LegiScan, the National Conference of State Legislatures, and gubernatorial press releases. Sources are linked at the bottom of this page.

Official Sources & Data References for Texas

All data on this page is compiled from primary, verifiable sources. Click any source below to verify directly.