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Texas Signs Bill to Establish Bitcoin Reserve, Set to Purchase $10 Million in Bitcoin

Texas Signs Bill to Establish Bitcoin Reserve, Set to Purchase $10 Million in Bitcoin

Chaincatcher2025/06/24 00:56
BTC-0.35%

According to ChainCatcher, citing a report from Coindesk, Texas Governor Greg Abbott has signed Senate Bill 21, officially establishing the nation’s first state-level Bitcoin reserve backed by public funds. Texas will allocate $10 million to purchase Bitcoin, setting it apart from Arizona and New Hampshire, which have only authorized such reserves without providing funding. The accompanying bill, HB 4488, also stipulates that the reserve cannot be diverted to general fiscal revenue.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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