Texas just made history by joining other states in the US to set up a Bitcoin Reserve. Governor Greg Abbott signed the SB-21 bill on June 22, 2025, making Texas the third state in the US to pass a Bitcoin reserve law after the likes of Arizona and New Hampshire.
As opposed to such states, however, Texas is the first state to invest state funds and establish a separate system of Bitcoin ownership. Meanwhile, BTC price has reclaimed the $100,000 region after a minor correction on Sunday following rising tension in the Middle East.
Greg Abbott Takes Bold Step Toward Crypto Adoption
Texas is among the few states that have taken a huge leap toward crypto adoption in the US. On June 22, 2025, Governor Greg Abbott signed Senate Bill 21, creating the Texas Bullion Depository Reserve Fund, which now includes Bitcoin alongside traditional assets like gold.
What makes this fund unique is the creation of a Strategic Bitcoin Reserve, the first-of-its-kind state-managed crypto fund. The law mandates that only digital assets with a market capitalization above $500 billion can be included. As of now, this means Bitcoin is the only eligible digital currency.
Meanwhile, the reserve will be governed by the Texas Comptroller and a three-member crypto advisory board, with appointees having expertise in blockchain and digital finance. This move makes the reserve not only safe but also strategically controlled. Notably, the law also enables the reserve to increase due to market appreciation, airdrops, hard forks, and even voluntary donations.
What Texas did might draw in the interest of other states in the United States that may follow up on such bills in the future. On the same note, the US government is also considering a national Bitcoin reserve.
Bitcoin Goes Global: Countries Building Crypto Reserves
Meanwhile, Texas is not alone in its latest move. Around the world, governments are stacking Bitcoin. El Salvador was first to make Bitcoin a legal tender and hold over 6,190 BTC. Bhutan also has a BTC reserve worth over $1.2 billion per Arkham Intelligence data.
In May, Pakistan had earlier announced that it would build a Bitcoin reserve in its wider digital asset policy. Even Germany and the UAE are considering digital asset reserves.
As inflation rises and fiat currencies face pressure, more countries are turning to Bitcoin as a strategic hedge and a symbol of future-focused finance. In other news, the Bitcoin price has been ranging between $98,974 and $108,771 over the past week.
Although CoinMarketCap’s data shows the price of Bitcoin has dipped by 5.0% during this period, Merlijn The Trader remains positive. The analyst notes that the cryptocurrency is about to form an inverse head-and-shoulders pattern that could propel its value to $142,000.
Conclusion
Texas’s latest move is part of an expanding global wave for digital currencies. States and countries now view Bitcoin as a strategic asset. They hope it offers a haven and inflation protection.
Yet, market volatility and ongoing conflict could keep the Bitcoin price in a long consolidation phase. However, Merlijn The Trader has sighted a bullish pattern that could turn the tide for Bitcoin. As more governments jump in, Bitcoin’s role in global finance may only get bigger.
