Texas Invests $500 Million in Bitcoin Reserves: A First for U.S. States

Texas is taking a bold step forward in the world of digital asset policy by proposing a $500 million annual Bitcoin reserve. This initiative aims to position Texas as a leader in state-level cryptocurrency adoption. The proposed plan, outlined in the Strategic Bitcoin Reserve Act (SB 21), involves quarterly audits, secure cold storage methods, and stringent multi-signature security protocols.