Texas has made history by becoming the first U.S. state to officially create a Bitcoin reserve. Signed into law by Governor Greg Abbott, Senate Bill 21 establishes a state-managed Bitcoin fund, completely separate from the treasury and overseen by Comptroller Glenn Hegar.
The move, led by Senator Charles Schwertner, positions Bitcoin as a strategic asset alongside land and gold. A companion bill, HB 4488, ensures the reserve is legally protected and shielded from routine budget shifts.
Texas stands out as other states pull back from crypto initiatives. Florida, Wyoming, and Arizona have recently scrapped similar proposals, with critics citing Bitcoin’s volatility.
Meanwhile, interest at the federal and corporate levels is rising. President Trump has authorized a national Bitcoin reserve, and over 223 public companies now hold BTC—totaling more than 819,000 coins, or 3.9% of the supply. MicroStrategy leads with 580,250 BTC, followed by Tesla and Marathon Digital.
Bitcoin’s recent surge past $111,000 has triggered a wave of fundraising and M&A activity across the crypto space, reinforcing growing confidence in BTC as a long-term asset.
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