Bitcoin Goes Official: Texas Becomes 1st US State With BTC Reserve

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Related Reading: BTC Goes Corporate: Major Brazilian Firm Adopts BTC Strategy Texas became the first US state to establish a crypto […]

Mar 8, 2025 - 04:10

Bitcoin Goes Official: Texas Becomes 1st US State With BTC Reserve

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications.

Texas became the first US state to establish a crypto reserve. On March 7, 2025, legislators passed Senate Bill 21, which gives the green light to the state to direct public funds toward Bitcoin and other digital assets.

The action has elicited both support and concern, with some viewing it as a prudent financial hedge and others warning of potential pitfalls.

A Push For Bitcoin In The Lone Star State

For months, Texas has been seeing increasing favor for the idea of a Bitcoin reserve. Senator Charles Schwertner introduced SB 778, a measure that proposes establishing a strategic stockpile.

Including the top crypto asset into the state’s financial reserves was meant to help cushion inflation and economic uncertainty. Texas officials, especially Lieutenant Governor Dan Patrick, who set it as a top goal for 2025, generally supported the legislation.