Texas Makes History: $10 Million Poured Into America’s First Public Bitcoin Reserve!

Jakarta, Pintu News – Over the weekend, Texas Governor Greg Abbott signed Senate Bill 21 relating to Bitcoin (BTC) reserves into law.

As a result, the state will invest $10 million in Bitcoin for the reserve. This marks an important milestone in the United States’ movement towards establishing a national Bitcoin strategic reserve.

Texas Understands That the Future of Finance is Digital

Texas is now the first state in the United States to have a standalone, publicly funded Bitcoin reserve.

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Under a law signed by Governor Abbott, the state is directed to establish a Bitcoin reserve that is managed independently of the state’s main treasury.

In addition to allocating funds for further Bitcoin purchases, residents can also donate BTC to the reserve.

Lee Bratcher, President of the Texas Blockchain Council, stated that the $10 million represents only 0.0004% of the state budget.

He believes that this move signals to investors and entrepreneurs that Texas truly understands that the future of finance is digital.

This move puts Texas among a small group of states that have begun exploring the establishment of crypto reserves, including Pennsylvania, Ohio, New Hampshire, and Wyoming. Some of these have proposed or passed bills to establish their own Bitcoin reserves.

Crypto Bill in Texas

The “Texas Bitcoin Reserve” became one of Lieutenant Governor Dan Patrick’s top 40 legislative priorities in the 89th regular session of 2025. The priority and urgency given to this issue reflects the state’s strong commitment to Bitcoin as part of its long-term financial strategy.

Last month, the Texas House of Representatives passed Senate Bill 21 by a vote of 101-42 on third reading. The bill had support from a wide range of political parties, having previously passed in the Senate by 25-5. The bill also passed a final approval vote on amendments from the House, before being sent to Governor Abbott.

As expected, the governor signed it into law, showing his strong and consistent support for cryptocurrencies.

Arizona and New Hampshire in the Strategic Bitcoin Reserve

Arizona has also been considering the establishment of a strategic BTC reserve for some time. In January, the Senate Finance Committee approved SB 1025, the Arizona Strategic Bitcoin Reserve Act.

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The bill allows states to allocate up to 10% of public funds for investment in Bitcoin. If theUS Secretary of the Treasury establishes a similar system, the account will be linked to the Strategic Bitcoin Reserve at the federal level.

Similarly, New Hampshire has put efforts and resources into supporting Bill 302, which would allow the state to incorporate precious metals and cryptocurrencies like Bitcoin into its financial strategy.

Like Arizona, the main goal is to invest up to 10% of state funds in cryptocurrencies that have a market capitalization of more than $500 billion. Currently, only Bitcoin meets these criteria.

In the first week of May, New Hampshire finally became the first state in the US to pass a Strategic Bitcoin Reserve bill, leaving Arizona behind.

Meanwhile, Arizona’s Bitcoin reserve bill is being revived for reconsideration, having previously been rejected in a House vote on the third reading on May 7.

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Reference:

• CoinSpeaker. Texas to Allocate $10 Million to Buy Bitcoin in Strategic Reserve. Accessed on June 25, 2025
• Crypto Times. Texas Approves $10M to Launch First Public Bitcoin Reserve. Accessed on June 25, 2025
• The Crypto Basic. Texas Passes Bitcoin Reserve Bill Into Law, Allocates $10M to Buying BTC. Accessed on June 25, 2025