365int
Texas is stacking sats. Governor Greg Abbott just signed a new law—SB 21. This bill creates a Strategic Bitcoin Reserve for the state.
It’s official now: Texas will buy and hold Bitcoin. The state comptroller’s office is in charge. And they’ll stash it in cold storage. For five years, minimum.
There’s even an advisory crew—five people—who’ll check in every two years and release reports.
Funding will come from donations and state budget. But there’s a twist: if Bitcoin’s total market cap drops under $600 billion, the law says Texas can’t buy more.
Critics, like gold bug Peter Schiff, are already shaking their heads.
Other states are watching. Texas joins Arizona and New Hampshire. Meanwhile, over 24 other states are cooking up similar bills.
Ohio’s even offering tax perks for Bitcoin payments under $200. Things are heating up.
And yes, even Congress is getting in on it—Rep. Tim Burchett wants to turn Trump’s old Bitcoin executive order into full-blown law.
