Texas Strategic Bitcoin Reserve
Bitcoin based state reserve fund
From Wikipedia, the free encyclopedia
The Texas Strategic Bitcoin Reserve is a strategic reserve fund that enables the State of Texas to purchase cryptocurrency.
History
The bill was originally introduced as SB 21 by Senator Charles Schwertner as a way to enable the State of Texas to purchase digital cryptocurrency as a strategic reserve.[1] Any cryptocurrencies purchased with money in the reserve must have an average 24-month market capitalization of at least $500 billion.[2] The bill was co-written by Representative Giovanni Capriglione.[3] It was reported to mirror the strategic bitcoin reserve of the United States federal government created through executive order by Donald Trump.[4]
It passed the Texas Senate in March 2025 by a vote of 25 to 5. It passed the Texas House of Representatives in May 2025 by a vote of 101 to 42.[5]
The bill was signed into law by Governor Greg Abbott on June 22, 2025.[6] Following Arizona and New Hampshire, Texas is the third state to enact legislation creating a bitcoin reserve on the state level.[7]
On November 20, 2025, Texas bought $5 million worth of Bitcoin at a price of approximately $87,000 per BTC. This initial purchase was done through the BlackRock iShares Bitcoin Trust ETF (Nasdaq: IBIT).[8]