Texas is moving to integrate Bitcoin into its state reserves a strategic move supported by Senator Charles Schwertner. The state Senate recently passed SB 21 which would permit investment in Bitcoin as a hedge against economic instability. This legislation makes Texas a leader in the adoption of cryptocurrencies at the state level following a nationwide push.

Other states are also exploring similar investments New Hampshire’s House Bill 302 advanced with strong support allowing for up to 5% of public funds to be invested in Bitcoin and precious metals. Meanwhile Utah is on the brink of passing its legislation though the session’s end looms close which adds urgency to the proceedings.

These state-level actions align with President Donald Trump’s recent advocacy for a federal strategic crypto reserve that would primarily focus on Bitcoin. As states like Texas pioneer these initiatives the dialogue surrounding the use of cryptocurrencies in public finance continues to evolve positioning Bitcoin at the center of future financial strategies.

U.S. President Donald Trump has officially made the United States the largest nation-state holder of Bitcoin by signing an executive order this evening to create a Strategic Bitcoin Reserve. The reserve will hold an estimated 200,000 BTC, marking a significant shift in U.S. financial strategy and reinforcing Bitcoin’s role in the global economy.

David Sacks, President Trump’s Crypto Czar, provided further clarification on the newly established reserve, stating that the reserve will be funded by Bitcoin already owned by the federal government, specifically assets forfeited in criminal and civil asset forfeiture proceedings. “This means it will not cost taxpayers a dime,”…

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One of the perks of my old post was having access to a yacht in FiDi during the summer—yes, for some, that’s called business development. The first time I met Patti, she elbowed her way onto the boat. I had no idea who she was, but she insisted that I didn’t like her, which, of course, made me instantly curious. At the time, I was a bit skeptical of Sphere 3D, especially after the NUMiner announcement. But Patti? She squashed any doubts I had. She was a force—radiating energy, always perfectly dressed, armed with a razor-sharp wit, and unapologetically unfiltered in the best possible way.

From that day on, we were friends. At the end of that summer, I had another business…

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Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas House for further consideration.

Texas Lieutenant Governor Dan Patrick identified SB 21 as a priority bill for the 2025 legislative session this past January. The bill aims to position Texas as a leader in Bitcoin adoption by establishing a reserve of BTC, which proponents argue will serve as a hedge against economic instability and inflation.

Support for the bill was evident during a February 18 hearing held by Texas’ Senate Committee on Business and Commerce. The hearing drew numerous Bitcoin advocates,…

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David Sacks the White House Crypto Czar today criticized the United States for its past mismanagement of Bitcoin assets which he claims has cost taxpayers approximately $17 billion. Speaking on X he highlighted the drastic financial loss due to the premature sale of 195,000 BTC over the last decade fetching only $366 million at the time. Sacks emphasized the need for a national crypto reserve to prevent future fiscal blunders.

The U.S. government’s hasty sales included significant Bitcoin amounts at low prices such as the sale of 29,657 BTC in June 2014 for just $632 per coin. This loss of potential revenue accentuates the importance of retaining and effectively managing seized crypto assets which could have significantly appreciated in value. With Bitcoin’s price surge from a few hundred dollars to a peak in the six figures the losses are stark.

Sacks’ push for a strategic approach to cryptocurrency is gaining traction as the White House prepares to host a crypto summit with a national crypto reserve on the agenda. This initiative aims to consolidate and potentially expand the U.S. government’s existing crypto assets which currently include 198,109 BTC and other cryptocurrencies totaling over $18 billion according to Arkham data.