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Texas Governor Greg Abbott has signed Senate Bill 21 creating a Texas Strategic Bitcoin Reserve. The law allows the state to hold Bitcoin as part of its long term financial assets and aims to protect Texas against inflation.
The reserve will be managed by the Texas Comptroller of Public Accounts with guidance from a panel of crypto professionals. Bitcoin is the only asset currently eligible due to its large market size and proven resilience.
This move makes Texas the first state to dedicate public funds into Bitcoin and establish a dedicated structure for crypto assets. The reserve can grow from public donations airdrops or investment gains and will publish reports every two years ensuring transparency. Texas now joins Arizona and New Hampshire as leaders in this bold financial future.
