November 14 2025
On May 21, Texas lawmakers overwhelmingly approved a bill, 101 to 42, that would establish a state-level strategic Bitcoin reserve. The bill, SB 21, currently awaits approval from Governor Greg Abbott before it can go into effect.
This new proposal gives the state controller the authority to Bitcoin to be purchased with excess general revenues. The rules will ensure the same transparency as the gold reserves in the Texas Bullion Depository. Congressman Giovanni Capriglione, one of the bill’s lead sponsors, calls this a pivotal moment in securing Texas’ leadership in the digital age. “Today, we embrace a modern asset with traditional characteristics and a promising future.”
He stressed that having a Bitcoin reserve not only strengthens Texas’ financial sovereignty, but also positions the state as a progressive region poised for the evolution of global finance. Once SB 21 reaches the governor’s desk, he or she will have 20 days to sign or reject the bill. If the governor takes no action, the bill will automatically become law on the next business day.
This would make Texas the third US state to invest public money in Bitcoin as part of a strategic reserve policy, after Arizona and New Hampshire. Bitcoin purchases will not occur until the controller has published purchasing guidelines in the Texas Register and secured a storage contract that meets location requirements.
The Senate passed SB 21 on March 6. Senator Charles Schwertner, the bill’s author, suggested that allocating some of Texas’ available cash to Bitcoin could help protect purchasing power during times of monetary turmoil.
According to the deliberations, the controller must disclose the dates of acquisitions, the number of units, and the total cost basis on a quarterly basis. While there is no dollar amount associated with the holdings, Bitcoin must be stored with a licensed entity in Texas or a U.S. jurisdiction that recognizes Bitcoin as property.
The law also asks the controller to investigate potential revenue streams tied to participation in the network, including Lightning-compatible payment rails for state fees. The findings must be presented to the House Budget Committee by January 2026, which is preparing a review for the 89th General Assembly.
“With Bitcoin, you’re not just investing in a digital future, you’re investing in your financial freedom!” This is how the sentiment can be summed up. The developments in this regard are extremely interesting and allow Texas to maintain its leading role in this dynamic world of cryptos.
Where does the SB 21 law stand now?
The bill has been approved by Texas lawmakers and now awaits approval from Governor Greg Abbott.
What makes Texas the third state to allow Bitcoin reserves?
Texas follows in the footsteps of Arizona and New Hampshire, which are also investing public money in Bitcoin.
How Can Texas Manage Its Bitcoin Purchases?
The state controller must publish guidelines and ensure a storage contract that meets legal requirements before Bitcoin can be purchased.
Bitcoin (BTC)
Ethereum (ETH)
XRP (XRP)
