Texas Strategic Bitcoin Reserve
Bitcoin States
Texas established the first funded US state Strategic Bitcoin Reserve when Governor Greg Abbott signed SB 21 and HB 4488 on June 22, 2025. The reserve was initially funded with $10 million, and made its inaugural $5 million purchase in November 2025 via the BlackRock IBIT ETF at approximately $91,336 per Bitcoin. The legislation includes strong protections against future legislatures dismantling the reserve, and Texas's warm climate and cheap electricity make it the largest Bitcoin mining state in the US.
Details
- State
- Texas
- Governor
- Greg Abbott
- Income Tax
- No
- Bill Number
- SB 21
- Description
- Texas Strategic Bitcoin Reserve — the dedicated reserve fund established under SB 21. Texas Comptroller can accept BTC donations and allocate state funds to Bitcoin.
- Signed Date
- June 2025
- Abbreviation
- TX
- Reserve Amount Btc
- 54
- Notable Legislation
- SB 21 (2025), HB 4488 (2025)
- Bitcoin Mining Rights
- Yes
- Strategic Btc Reserve
- Yes
- Bitcoin Friendly Score
- very high
- Reserve Authorized Usd
- 10000000
More Bitcoin States
Arizona
Arizona signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized or forfeited assets, rather than purchasing it outright. This establishes a legal framework for Arizona to become a state Bitcoin holder through law enforcement activities. Arizona also considered more expansive Bitcoin reserve bills that would allow active treasury purchases, but these faced additional hurdles. Arizona's large retirement system (PSPRS) managing over $14 billion makes any state-level Bitcoin allocation strategically significant.
New Hampshire
New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.
Texas
One of the most Bitcoin-friendly states. Passed strategic Bitcoin reserve legislation and purchased ~$5M in BlackRock Bitcoin ETF (Nov 2025). Home to major mining operations and a supportive regulatory environment.
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