Texas becomes official Bitcoin state with Governor's signature to create new BTC reserve

Texas has become the first state to hold Bitcoin as an official reserve asset. On the 21st, Greg Abbott
Texas Governor Abbott has approved Senate Bill 21 (S. Senate Bill 21), a bill that recognizes Bitcoin as a long-term strategic asset.
B21) and officially approved the establishment of the Texas Strategic Bitcoin Reserve.
The reserve, which operates separately from the general state fiscal system, strengthens Texas' long-term fiscal resilience and provides a potential buffer against inflation.
According to SB21, the reserve can only include assets with a market capitalization of $500 billion or more, and currently, there are only 100,000 assets that meet this requirement.
The reserve will be run by the Texas State Comptroller and advised by an advisory committee of three cryptocurrency investment experts.
Reserves can be obtained not only through direct purchases, but also through blockchain forks and airdrops.
The reserve can be expanded through cryptocurrency, investment income, and public cryptocurrency donations. Texas plans to publish its reserve holdings and returns in a biennial report.
SB21 is an extension of House Bill 4488 (HB4488) and prevents this reserve from being diverted to the state budget, making it more vulnerable to political interests and shifting budget priorities.
Texas is the third state to pass a Bitcoin reserve bill after Arizona and New Hampshire, but the bill does not allow public funds to be used.
This is the first time that an actual allocation has been made and an independent structure has been set up.