In June 27, 2025, Texas Governor Greg Abbott signed Senate Bill 21 into law, establishing the Texas Strategic Bitcoin Reserve. (Source: Forbes, CoinTelegraph, Bitcoin Magazine)
This makes Texas the third U.S. state, after Arizona and New Hampshire, to create a state-managed cryptocurrency reserve. Unlike Arizona and New Hampshire, Texas' reserve has no official cap, allowing for unlimited investments in Bitcoin.
The Texas Comptroller of Public Accounts has the authority to buy, sell, and manage Bitcoin and other cryptocurrencies. The initiative aligns with President Donald Trump's March 2025 executive order to create similar federal reserves.