Catenaa, Monday, June 23, 2025- Texas Governor Greg Abbott signed Senate Bill 21 into law on Saturday, establishing a state-run strategic Bitcoin reserve and making Texas the third U.S. state to do so after Arizona and New Hampshire.
The legislation creates the country’s first stand-alone, publicly funded Bitcoin reserve outside the state treasury. It will be managed by the Texas Comptroller of Public Accounts, Glenn Hegar. The move positions Texas as a prominent pro-Bitcoin jurisdiction, continuing its aggressive embrace of digital asset infrastructure.
Governor Abbott also enacted House Bill 4488 to protect the Bitcoin fund from periodic treasury sweeps and ensure its legal standing even if no Bitcoin is purchased before summer 2026.
Bill author State Senator Charles Schwertner argued that Texas should have the flexibility to invest in Bitcoin, which he described as one of the best-performing assets of the past decade.
Texas Blockchain Council President Lee Bratcher said he expects the state to allocate “tens of millions of dollars” to the reserve, calling it a modest but strategic investment. He added that final decisions on Bitcoin purchases will rest with the comptroller’s office, which will apply established investment standards.
The reserve was not included in the governor’s press release listing 16 “critical” bills, though it was among 334 pieces of legislation signed Saturday.
Texas’ move signals growing momentum for Bitcoin integration in state-level fiscal strategies as cryptocurrency adoption spreads through US public institutions.
