Texas has signed a bill to become the third state to have Bitcoin reserves.

ZkSnarker · 2025-06-21T21:20:27+00:00

The Governor of Texas has signed the "Bitcoin Reserve Bill," becoming the third state to have Bitcoin reserves. This bill allows the state government to manage funds, support investments in Crypto Assets that meet market capitalization standards, and establish a consulting committee to report on holdings regularly.

ZkSnarker

2025-06-21 21:20:27

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On June 22, Texas Governor Greg Abbott signed the Bitcoin Reserve Bill SB 21, officially making it law.

Texas is now the third state to have Bitcoin reserves.

Previously, Texas Lieutenant Governor Dan Patrick announced that the Texas Strategic Bitcoin Reserve Bill has received bipartisan support, which will create a fund managed by the state government that will only invest in cryptocurrencies with an average market capitalization of at least $500 billion over the past 12 months and that are eligible for state budget allocations. Additionally, the bill establishes a Strategic Bitcoin Reserve Advisory Committee to provide guidance for fund management and requires a holding report to be submitted every two years.

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