Texas is no longer just talking about crypto (bitcoin)—it’s putting actual money into it.
Over the weekend, Governor Greg Abbott signed Senate Bill 21 (SB 21) into law, officially making Texas the first U.S. state to create and fund a Bitcoin reserve. The law sets aside $10 million of state funds to purchase Bitcoin—just 0.0004% of Texas’s massive budget, but enough to send a loud and clear message: Texas is all in on Bitcoin.
This makes Texas the first to move beyond theory. While states like Arizona and New Hampshire have approved the idea of a Bitcoin reserve, Texas is the first to actually commit real money.
The reserve will be managed independently from the state’s treasury, signaling a deliberate effort to explore it as a strategic reserve asset—similar to how some corporations and nations have begun to approach digital currencies.
Lee Bratcher, president of the Texas Blockchain Council, emphasized that while the amount may be small, the symbolism is massive. “This acquisition marks Texas’s leadership in financial innovation and a digital future.”
The bill passed with strong bipartisan support in the Texas House (105-23) and was introduced by Senator Charles Schwertner and backed by Representative Giovanni Capriglione, who called the move “a forward-thinking measure” that treats digital assets like legitimate tools—not just trends.
In essence, Texas is making a big bet that Bitcoin is here to stay, and it’s taking the first step that could pave the way for broader government adoption of digital assets across the U.S.
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