Texas is pushing deeper into Bitcoin territory. The state, which became the first in the US to create a publicly funded Bitcoin reserve, is now expanding its approach with a newly formed advisory committee designed to guide additional acquisitions of Bitcoin and other digital assets.
How Texas got here
The foundation for all of this was Senate Bill 21, signed into law by Governor Greg Abbott on June 20, 2025. That legislation established the Texas Strategic Bitcoin Reserve, managed by the Texas Comptroller of Public Accounts, and backed by a $10 million initial appropriation from the state budget.
On November 20, 2025, the state executed its first allocation, putting roughly $5 million into BlackRock’s iShares Bitcoin Trust (IBIT) ETF. Bitcoin was trading between $87,000 and $91,000 per token at the time of that purchase.
Texas used the IBIT investment as a placeholder while it worked on establishing direct custody frameworks. Under the legislation, the reserve can grow through direct purchases, donations, forks, and airdrops.
