Texas Becomes First State to Create "Strategic Reserve" by Depositing $10 Million in Bitcoin
AUSTIN, Texas – Texas became the first U.S. state to officially purchase Bitcoin and hold it as the "Texas Strategic Bitcoin Reserve." Following a bill passed by the State Assembly last June, the Texas Comptroller's Office added $10 million worth of Bitcoin to the state treasury. Governor Greg Abbott stated, "Texas has always been a pioneer in energy, gold, and now digital gold. This reserve will secure our state's financial future and protect against inflation." Officials noted that the reserve could be expanded over time and that new regulations are underway to allow citizens to receive their tax refunds in Bitcoin. Texas has thus cemented its leadership in crypto-friendly policies, surpassing states like Wyoming and Florida.
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Discovery
· 11-29 06:39
HODL Tight 💪
Reply0
Discovery
· 11-29 06:39
2025 GOGOGO 👊
Reply0
Discovery
· 11-29 06:39
Watching Closely 🔍
Reply0
Ybaser
· 11-26 21:50
thank you for the beautiful information and sharing
Texas Becomes First State to Create "Strategic Reserve" by Depositing $10 Million in Bitcoin
AUSTIN, Texas – Texas became the first U.S. state to officially purchase Bitcoin and hold it as the "Texas Strategic Bitcoin Reserve." Following a bill passed by the State Assembly last June, the Texas Comptroller's Office added $10 million worth of Bitcoin to the state treasury.
Governor Greg Abbott stated, "Texas has always been a pioneer in energy, gold, and now digital gold. This reserve will secure our state's financial future and protect against inflation."
Officials noted that the reserve could be expanded over time and that new regulations are underway to allow citizens to receive their tax refunds in Bitcoin. Texas has thus cemented its leadership in crypto-friendly policies, surpassing states like Wyoming and Florida.
#BitcoinStrategicReserve