Texas Strategic Bitcoin Reserve Tracker and Laws

Texas Bitcoin Reserve Overview

Texas became the THIRD US state to enact a Strategic Bitcoin Reserve when Governor Greg Abbott signed SB 21 on June 20-22, 2025. The reserve exists outside the state treasury under the custody of the Texas Comptroller of Public Accounts. Only cryptocurrencies with $500B+ 24-month average market cap qualify — making Bitcoin the only eligible asset. HB 4488 (passed same day) further insulates the reserve from being swept into the general revenue fund. As of May 2026, the reserve has been established but is not yet substantially funded — pending appropriations.

Texas Legislative Breakdown

SB 21 signed June 20-22, 2025: Texas Strategic Bitcoin Reserve established outside state treasury, Comptroller-managed.

Texas Strategic Bitcoin Reserve

Current status: ENACTED — Strategic Bitcoin Reserve legislation signed into law.

As of May 22, 2026, Texas's state treasury holds no Bitcoin directly. US state Strategic Bitcoin Reserves authorize the holding of Bitcoin but require separate legislative appropriation before a treasury is funded. The timeline below tracks every verified legislative milestone.

Texas Legislative Timeline

2025-06-22

APPROVED

Governor Greg Abbott signed SB 21 (Texas Strategic Bitcoin Reserve Act) into law — Texas becomes 3rd US state with strategic BTC reserve.

Bill: SB 21
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2025-06-20

APPROVED

HB 4488 signed — ensures reserve funds protected from general revenue sweep.

Bill: HB 4488
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2025-05-30

APPROVED

Texas Senate adopted Conference Committee report on SB 21 (Y:23 N:8).
2025-05-29

APPROVED

Texas House adopted Conference Committee report on SB 21 (Y:110 N:25).
2025-03-06

APPROVED

Texas Senate passed SB 21 25-5 on third reading.

Bill: SB 21
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2025-01-16

PROPOSED

Senator Charles Schwertner introduced SB 21 (originally SB 778) proposing Texas Strategic Bitcoin Reserve.

Bill: SB 21
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2024-12-12

PROPOSED

Rep. Giovanni Capriglione filed HB 1598 — predecessor Bitcoin reserve bill.

Bill: HB 1598
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Texas Bitcoin Reserve FAQs

Does Texas have a state Bitcoin reserve?

As of May 22, 2026: Texas became the THIRD US state to enact a Strategic Bitcoin Reserve when Governor Greg Abbott signed SB 21 on June 20-22, 2025. The reserve exists outside the state treasury under the custody of the Texas Comptroller of Public Accounts. Only cryptocurrencies with $500B+ 24-month average market cap qualify — making Bitcoin the only eligible asset. HB 4488 (passed same day) further insulates the reserve from being swept into the general revenue fund. As of May 2026, the reserve has been established but is not yet substantially funded — pending appropriations.

How much Bitcoin does Texas hold?

Texas's state treasury holds no Bitcoin directly as of May 22, 2026. Even where reserve legislation is enacted, a treasury is only funded after a separate legislative appropriation.

What is Texas's Bitcoin policy stance?

Texas is classified as 'Friendly' on Bitcoin-related state legislation. Key legislation: SB 21 signed June 20-22, 2025: Texas Strategic Bitcoin Reserve established outside state treasury, Comptroller-managed.

Has Texas passed a Strategic Bitcoin Reserve bill?

See the Texas legislative timeline above for current bill status. As of May 22, 2026, only Arizona (HB 2749), New Hampshire (HB 302), and Texas (SB 21) have enacted state Strategic Bitcoin Reserve laws.

Is Bitcoin legal in Texas?

Bitcoin is legal to buy, hold, and sell across all US states, including Texas, under federal law. State-level rules mainly govern money-transmitter licensing, consumer protection, and whether the state treasury may hold Bitcoin.

Is cryptocurrency taxed in Texas?

Federal capital-gains tax applies to crypto nationwide. State tax treatment in Texas depends on whether it levies a state income tax; consult a qualified tax professional, as guidance evolves.

Is Bitcoin mining allowed in Texas?

Bitcoin mining is generally permitted across US states, though Texas may apply energy, zoning, or noise regulation. Any mining-specific measures are noted in the legislative breakdown above.

Which US states have enacted Bitcoin reserve laws?

Three states have enacted Strategic Bitcoin Reserve laws: Arizona (HB 2749, May 7 2025), New Hampshire (HB 302, May 6 2025), and Texas (SB 21, June 2025). Several others have active proposed legislation.

Can Texas's state treasury invest in Bitcoin?

A state treasury can hold Bitcoin only if legislation explicitly authorizes it. Texas's current authority is reflected by its stance ('Friendly') and the key legislation listed above.

When was Texas's Bitcoin legislation last updated?

This page reflects verified data as of May 22, 2026, sourced from official state legislative records (LegiScan) and signed gubernatorial press releases.

Where can I verify Texas's Bitcoin reserve information?

All bill numbers, dates, and signatures are sourced from official Texas legislative records via LegiScan, the National Conference of State Legislatures, and gubernatorial press releases. Sources are linked at the bottom of this page.

Official Sources & Data References for Texas

All data on this page is compiled from primary, verifiable sources. Click any source below to verify directly.

Texas Bitcoin Reserves & Cryptocurrency Legislation