Texas is taking a big step toward adopting Bitcoin reserve on a state level. A public hearing is scheduled for April 23, 2025, to discuss a new bill that proposes creating a $500 million Strategic Bitcoin Reserve.
New Legislation Could Make Texas the First U.S. State to Hold Bitcoin Reserves
The news was first shared by Crypto Rover on X (formerly Twitter), which quickly sparked strong reactions from the crypto community. If the bill passes, Texas would be able to purchase $500 million worth of Bitcoin annually as part of a reserve strategy.

Shortly after the announcement, Bitcoin’s price jumped over 1%, pushing it past $85,000, according to CoinMarketCap.
At the same time, Bitcoin’s 24-hour trading volume dropped 28.81% to $13.41 billion, suggesting less short-term selling and more long-term confidence among traders.
The bill has already made progress in the Texas Senate, clearing several key votes and readings back in March. Now, with a House hearing confirmed, the crypto world is closely watching to see whether Texas becomes the first U.S. state to officially hold Bitcoin in its financial reserves.
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