Texas May Create Bitcoin Reserve With Bill About to Be Voted

• Texas May Adopt State Bitcoin Reserve
• SB 21 Brings Bitcoin Closer to Public Finance in the US
• Texas Bitcoin Reserve Attracts Market Attention

A proposal to create a state-owned Bitcoin reserve in Texas has advanced to a decisive reading in the House of Representatives. Senate Bill 21 (SB 21), which aims to authorize the state to purchase and manage Bitcoin as a strategic asset, could move forward to a final vote later this legislative session.

Dennis Porter, CEO of the Satoshi Action Fund, said the reading is “a necessary step” before a plenary decision, noting that the deadline for approval is closing, with less than two weeks remaining in the current legislature.

SB 21, the Texas Bitcoin Reserve and Strategic Investment Act, has already made it through major milestones: it passed the Senate by a 25-5 vote in March and, more recently, it received approval from the House Committee by a 9-4 vote, without amendments.

STRATEGIC BITCOIN RESERVE IN TEXAS IS ON THE MOVE!

The 2nd reading is coming May 20th which is the necessary step before it goes for the final house floor vote.

Time is running out. The legislature will adjourn two weeks later! pic.twitter.com/mn0LHaKylL

—Dennis Porter (@Dennis_Porter_) May 17, 2025

Authored by Senator Charles Schwertner and sponsored by Congressman Giovanni Capriglione, the project aims to treat Bitcoin as a long-term store of value for the state, acting as protection against inflation and economic instability.

The funding plan for the reserve includes legislative funding, investment profits, and voluntary donations from Texan citizens. The proposal also allows for the inclusion of digital assets from forks or airdrops, as long as they meet the minimum criteria.

According to the text, to be included in the reserve, the digital asset must have maintained a market capitalization of more than US$500 billion over the last 12 months — a requirement that currently only Bitcoin meets.

If signed into law by the governor after final approval, the measure would place Texas alongside New Hampshire and Arizona as the only US states with formal Bitcoin reserves, reinforcing the institutional use of the cryptocurrency as a strategic financial instrument at the state level.