Bitcoin Reserve Bill In Texas Removes $500 Million Buying Cap
Texas Senator Charles Schwertner has refiled a strategic Bitcoin reserve bill under the new designation “SB 21,” removing the previous annual purchasing cap of $500 million and paving the way for significantly larger state-level investments in Bitcoin (BTC). The refiled legislation also broadens its reach to include other crypto assets that meet a specified market […]
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Texas is now within a single, silent procedural heartbeat of creating the nation’s largest government-run stash of bitcoin. Senate Bill 21, the Texas Strategic Bitcoin Reserve and Investment Act, was dispatched to Gov. Greg Abbott on June 1 after clearing both chambers by wide margins. Texas Bitcoin Reserve Set To Become Law Under Article IV, […]
Texas has moved public money into Bitcoin exposure, buying $5 million worth of shares in a regulated Bitcoin exchange-traded fund. Related Reading: Bitcoin Creator Somehow Becomes ‘Poor’ By Losing $41 Billion Without Saying A Word According to reports, the state’s purchase was made on November 20, 2025, and it used the BlackRock iShares Bitcoin Trust (IBIT) to gain price exposure without immediately holding the cryptocurrency itself. The state set aside a total allocation of $10 million for its new Strategic Bitcoin Reserve. Lee Bratcher, who leads the Texas Blockchain Council, confirmed....
On Saturday, Texas became the first-ever US state to commit public funds towards the purchase of Bitcoin. Governor Greg Abbott signed Senate Bill 21 (SB21), officially authorizing the establishment of the Texas Strategic Bitcoin Reserve. Keep reading to learn more about this development, increasing investor and government confidence in Bitcoin’s long-term potential, and what’s the best crypto to buy now in order to ride the upcoming crypto wave. Texas Passes Groundbreaking Bitcoin Reserve Bill ‘We can buy land, we can buy gold; I think the state of Texas should have the....
In mid-June, Texas Gov. Greg Abbott signed into law HB 483, paving the way for Texas to repatriate $1 billion in gold from an underground vault in Manhattan operated by HSBC bank, bringing it home to be stored in a yet-to-be-built Texas Bullion Depository, reports HNGN, which also speculated whether this is the first step in Texas' plan to secede. The gold is owned by the University of Texas' endowment fund. "Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals,"Abbott said in an....
In a major development, the Texas State Government has officially signed a strategic Bitcoin reserve into law thereby diversifying its financial investment strategy. Following this event, Texas officially became the third US State to own a Bitcoin reserve fund under five months of the pro-crypto Donald Trump administration. Related Reading: Bitcoin In The Waiting Room […]