Texas Finalizes Bill to Establish Strategic Bitcoin Reserve – Makes Key Change

The bill lays the foundation for Texas to become the first U.S. state to formally hold BTC in its treasury.

Stricter Requirements for Digital Asset Inclusion

A major point of contention during negotiations was the eligibility criteria for digital assets. The Senate initially proposed that a digital asset must maintain a $500 billion market cap for 12 consecutive months to qualify for inclusion.

The House, however, pushed for a 24-month requirement, aiming for a more conservative approach. The final version of SB 21 adopts the 24-month threshold, limiting reserve inclusion to only the most established digital assets—Bitcoin being the only current qualifier.

Staking Clause Removed from Final Draft

Another key amendment involves staking language. While the House previously inserted a provision allowing the Texas Comptroller to stake digital assets to generate yield, the committee removed that clause in the final version.

As a result, Texas will hold digital assets passively, avoiding any activities that would generate returns through staking mechanisms.

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What’s Next?

The finalized bill now heads back to both chambers for approval before being sent to the governor’s desk. If signed into law, Texas would become the first U.S. state to formally integrate Bitcoin into its financial strategy—a bold move that could inspire similar legislation across the country.

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