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Texas House to Hear Bill on Strategic Bitcoin Reserve with $500 Million Annual Bitcoin Purchases

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Published Apr 19, 2025, 08:17 AM

The Texas House has scheduled a hearing for April 23 on a bill proposing the establishment of a Strategic Bitcoin Reserve. Under the bill, Texas plans to purchase $500 million worth of Bitcoin annually to create this reserve. This initiative reflects a growing interest in Bitcoin as a strategic asset, with similar discussions reportedly emerging in other regions such as Singapore. The hearing marks a significant step in Texas's effort to integrate cryptocurrency into its financial strategy.

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Vivek⚡️

@Vivek4real_

🇺🇸 TEXAS STRATEGIC #BITCOIN RESERVE BILL IS SCHEDULED FOR HEARING NEXT WEEK 👀 IT’S HAPPENING!!! https://t.co/MiBlfhEeVT

CryptoSavingExpert ®

@CryptoSavingExp

BREAKING 🚨 TEXAS SETS 23 APRIL FOR STRATEGIC BITCOIN RESERVE BILL HEARING IN THE STATE HOUSE. THEY PLAN TO BUY $500 MILLION BTC EVERY YEAR https://t.co/hMjywTC6Es