The Texas Senate on Thursday, March 6, 2025, passed the Bitcoin strategic reserve bill SB-21 in a 25-5 vote.
The new move by the State of Texas is coming a day before the much anticipated White House Crypto Summit, which is set to take place in a few hours (slated for March 7).
Texas State Senator Charles Schwertner, who introduced the Bitcoin-only bill in January 2025, explained some of its benefits to his fellow lawmakers, stating that it would help the state build its BTC reserve.
The Bitcoin Reserve Bill SB21, which initially gave special preference to the most valuable digital asset—Bitcoin—was later modified in February to include other cryptocurrencies. This change followed an executive order by President Donald Trump, directing a commission to study the feasibility of digital assets as a store of reserve.
Earlier this month, Trump’s message on Truth Social publicly announced his preference for certain digital assets, including ETH, BTC, SOL, XRP, and ADA, as part of a strategic crypto reserve. This announcement triggered a surge in crypto market prices.
BTC is currently valued at $89,133.61 per BTC at the time of publication. This announcement is expected to have a positive impact on the price of the most valuable cryptocurrency in the market.
When it becomes law, the Bitcoin Reserve Bill SB21 will allow the State of Texas to buy, store, and include BTC as part of its financial reserves.