Texas Strategic Bitcoin Reserve
Current status is APPROVED
Texas has successfully established a state Strategic Bitcoin Reserve through Senate Bill No. 21.
Using rainy day funds, Texas could purchase 237,720 BTC assuming a BTC price of $100,000
Timeline
APPROVED
Texas Strategic Bitcoin Reserve officially established as a fund outside the state treasury through Senate Bill No. 21. Texas becomes one of the first states to successfully implement a Strategic Bitcoin Reserve.
Bill: SB 21Read More →PROPOSED
Senator Charles Schwertner introduced Senate Bill 778, which would establish a Strategic Bitcoin Reserve. If passed, Texas would become the first state to create such a reserve.
Read More →PROPOSED
House Bill 1598 filed by Rep. Capriglione. The bill relates to the establishment of a bitcoin reserve within the state treasury and the management of cryptocurrencies by governmental entities.
Bill: HB 1598Read More →Rainy day fund data source: National Association of State Budget Officers