The Governor of Texas, Greg Albert, signed Senate Bill No. 21 (SB21), formally authorizing the creation of the Texas Strategic Bitcoin Reserve, a government-managed fund that holds Bitcoin as part of the long-term financial assets of the state. The newly created reserve, which operates independently of the general fiscal system of Texas, is designed to enhance the financial resilience of the state and serve as a potential tool for hedge inflation.
Under the Act, only assets with a market value of over $500 billion are eligible for inclusion in the reserve, while only bitcoin currently meets this threshold. The Fund will be administered by the Texas Audit Office and guided by an advisory board of three encrypted investment professionals.
In addition, in addition to direct purchases, reserves may be increased through fork, airdrops, investment returns or public donations of encrypted currency. A detailed report on the Fund ' s holdings and performance is issued every two years.
With Texas becoming the third state in the United States to approve the Bitcoin Reserve Act, joining Arizona and New Hampshire, it was the first state to commit public funds and establish an independent structure for Bitcoin. Following Bill 4488 of the Chamber of Deputies, signed by Albert, the latter protected the reserve from being merged into the cantonal general income funds, effectively segregating changes in budgetary priorities.
Meanwhile, a growing number of listed companies are following Michael Saylor ' s strategy to use bitcoin as a financial asset. According to BitcoinTreasurys.NET, institutional organizations have increased their Bitcoin reserves over the past month, demonstrating a continuing interest in bitcoin among listed companies.