Texas Advances Second Bitcoin Reserve Bill – Worth $250 Million

# Texas Moves to Invest Up to $250 Million in Bitcoin and Digital Assets Texas is advancing a new bill to invest up to $250 million in Bitcoin and other digital assets from the state’s Economic Stabilization Fund. According to CryptoSlate on April 11, the bill (HB 4258) not only allows the state government but also city and county governments to invest up to $10 million in digital assets. If passed, the bill will take effect on September 1, 2025. # Second Attempt at Bitcoin Reserve This is Texas’s second attempt at creating a Bitcoin reserve, following the introduction of SB 778. The earlier bill permits tax payments and donations via digital assets and limits the sale of state-owned Bitcoin for five years. SB 778 has bipartisan support and recently passed in the Senate, awaiting a House decision by May 24. # Strategic Position for Bitcoin Adoption Lee Bratcher, President of the Texas Blockchain Council, emphasized Texas's strategic position for Bitcoin adoption. “The Texas Triangle—Houston (energy), Austin (technology), and Dallas (capital markets)—provides industrial strengths for Bitcoin integration,” Bratcher said. # Supporting Financial Future Texas Lt. Gov. Dan Patrick described Bitcoin reserves as “a crucial strategic measure for Texas’s financial future.” He highlighted Bitcoin's decentralized nature and limited supply as valuable assets. “Former President Donald Trump also expressed his intention to make the U.S. a hub for cryptocurrency, and Texas is leading the way,” Patrick added. # Broader Trend in the U.S. Texas is not alone in exploring digital asset reserves. Twenty-one other states are reviewing similar initiatives, with some in the legislative phase and others conducting preliminary evaluations.