Texas Inches Closer to State Bitcoin Reserves as Bill Lands on Governor’s Desk

Lone Star lawmakers just punted the ultimate HODL play to the governor’s office—a bill that could make Texas the first state to hold Bitcoin as treasury reserve.

No more ’wait-and-see’: While Wall Street hedges with ETFs, Texas politicians are flipping the script by treating BTC like digital gold bars in the state vault. The move reeks of anti-federal defiance—or maybe just early retirement planning with a side of political theater.

Here’s the kicker: If signed, this could trigger a domino effect of states scrambling to ape Texas’ crypto gambit. Because nothing screams fiscal responsibility like volatile assets backed by memes and libertarian dreams.

Texas to join New Hampshire as states with Bitcoin reserves

Many believe Governor Greg Abbot will pass the bill, allowing Texas to join New Hampshire and Arizona as US states with an SBR law. Abbot has shown public support for the bill by sharing an article praising the legislative efforts on X.

The bill also benefits Texas by making it the crypto capital of the US. The state is already the biggest for bitcoin mining in the US, with the state responsible for most of the US Bitcoin mining hash rate. Thus, creating an SBR will only boost its crypto credentials.

The state has the second-biggest economy in the US, with a gross domestic product (GDP) of $2.7 trillion, only behind California and ahead of New York. According to data from the Bureau of Economic Analysis, its economy is growing faster than that of the US.

While Texas could become the third state with an SBR law, it is set to be the second state to commit part of its portfolio to invest in crypto assets to hedge against inflation. New Hampshire already has the honor of being the first state to have an SBR law that enables the state treasurer to invest in crypto assets.

However, the Arizona SBR law does not allow the investment of state funds into crypto assets. Instead, the enacted crypto reserve bill HB 2749 only permits the creation of a crypto reserve to be funded using unclaimed crypto assets, airdrops, and staking rewards.

The Arizona SBR law represents a compromise after the state governor, Katie Hobbs, vetoed two other SBR bills requiring the state to invest, noting that the “current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars.”

30 State SBR bills currently under consideration in the US

Meanwhile, more states still have SBR bills in the works, with the majority in the committee stage showing massive interest in Bitcoin reserves. States such as North Carolina, Alabama, Montana, Georgia, and Iowa have their SBR bills in different stages.

However, it is not just SBRs that are gaining interest. Pro-crypto legislative efforts have generally increased, with Michigan recently introducing four new bills related to Bitcoin and other crypto assets. One of the bills could allow investment of some of state retirement funds into cryptocurrencies.

There is another bill to ban the introduction of central bank digital currencies (CBDCs), while proposed legislation seeks to allow Bitcoin mining projects on abandoned oil and gas wells, with tax deductions for the mining programs.

The state has a total of seven pro-Bitcoin bills under consideration and recently declared May 13, 2025, as Digital Awareness Day through House Resolution 100. The resolution stated that the designation will encourage activities and programs that enable a better understanding of digital assets and their impacts.

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