Texas Joins Elite Trio of States Holding Bitcoin as Strategic Reserve

Move over gold—Texas just bet big on Bitcoin. The Lone Star State became the 3rd U.S. jurisdiction to pass legislation adding BTC to its strategic reserves, clearing both House and Senate hurdles.

Why it matters: When politicians start hoarding crypto instead of printing dollars, even Wall Street dinosaurs might notice. Texas follows Wyoming and Florida in treating Bitcoin like a monetary asset—not just a speculative toy for retail traders.

The fine print: No word yet on how many satoshis they’re stacking, but the precedent is clear. States are building crypto war chests while D.C. drags its feet. Just don’t ask about the energy FUD—this is Texas, where oil and hashpower go hand in hand.

Bottom line: Another brick in the hyperbitcoinization wall. Meanwhile, BlackRock’s ‘cautious optimism’ memo just got another footnote.

• The Texas Senate must confirm the House amendment to the SB-21 bill before it can proceed to the governor’s desk.

• On-chain data shows a supply shock has catalyzed Bitcoin’s bullish sentiment.

After the Texas Senate approved the Strategic Bitcoin Reserve (SB21) bill earlier in March 2025, the House passed it with a final vote of 101 to 42. Texas is now the third state in the country to pass an SBR bill in both the Senate and the House after New Hampshire and Arizona in the recent past. 

The SB21 bill in Texas has to be vetted again by the Senate after the House amendment changed some statutory provisions regarding the market cap of crypto assets. Notably, the Texas House changed the market cap average of $500 billion from 12 months to 24 months. 

According to Dennis Porter, the CEO and co-founder of Satoshi Action Fund, there is a 99+ percent chance that the Texas Senate will approve the amendment to SB21. Meanwhile, the SB21 bill will soon be forwarded to the State Governor, Greg Abbott, who will have 20 days to either sign or veto the bill.

Technically the Texas bill has to go back to the senate to confirm the amendment which passed in the House. The House amendment changed the market cap average of $500 billion from 12 months to 24 months.

I’ve been told the odds of it being approved by the Senate at 99%+. https://t.co/PJsrfGdVbZ

Impact of Texas SBR Bill Approval on Bitcoin

Currently, BTC is the only cryptocurrency to meet the set standards by the Texas SB21 bill. If the Texas Governor signs it into law, the overall impact on the Bitcoin market will be immense in the coming months and years. 

Moreover, the adoption of Bitcoin by U.S. states will solidify it as a reliable digital gold amid economic turmoil. Already, Bitcoin price has enjoyed significant bullish sentiment fueled by rising demand from institutional investors and retail traders.

As Coinpedia reported, BTC price is well positioned to reach $150k before August, based on historical performance and current fundamentals.