$93,717.00
1.80%$1,776.23
2.30%$2.20
2.79%$609.93
2.41%$154.45
5.51%$0.999954
-0.00%$0.182937
6.67%$0.721834
7.07%$0.243576
0.34%$1,773.75
2.30%$93,659.00
1.88%$3.68
23.36%$15.14
6.27%$22.42
3.11%$0.284564
9.66%$9.24
0.07%$0.00001413
8.87%$0.195442
10.91%$3.24
4.88%$2,131.51
2.58%$1.00
0.01%$365.32
2.64%$4.34
10.07%$85.07
4.59%$19.02
6.78%$4.48
0.74%$1.00
-0.13%$1,776.74
2.38%$0.99986
0.06%$0.65391
1.48%$229.23
2.09%$28.92
1.43%$1,893.32
2.44%$93,722.00
1.72%$0.00000888
5.74%$5.90
3.96%$5.59
7.35%$1.03
18.22%$53.30
4.39%$2.59
8.87%$357.19
8.57%$23.42
2.06%$5.35
7.07%$0.105609
10.97%$17.16
5.45%$12.86
8.92%$1.049
0.01%$0.092255
3.76%$31.67
-0.75%$1.00
0.00%$167.10
4.80%$0.744059
8.48%$4.61
7.14%$0.02722228
9.04%$0.25069
11.81%$1.17
0.04%$0.372338
11.08%$4.57
6.03%$0.231894
11.44%$93,392.00
1.83%$2.88
7.65%$4.25
0.41%$0.694284
13.08%$2.92
6.93%$0.526781
7.49%$0.346049
5.77%$0.998139
-0.06%$4.16
2.42%$93,636.00
1.67%$0.485983
13.36%$0.900632
21.08%$0.810322
8.68%$10.43
1.53%$161.75
5.85%$0.973354
14.91%$1,506.40
4.21%$0.0000163
17.06%$0.07495
1.31%$1.12
5.37%$75.89
9.58%$1.099
3.51%$0.599395
7.35%$4.02
9.61%$1,777.43
2.12%$0.209109
10.17%$0.01654097
1.90%$0.680891
6.86%$1,850.92
2.57%$10.36
13.00%$0.102742
17.30%$610.02
2.21%$0.685783
1.38%$0.999882
-0.02%$1.00
0.08%$2,003.62
2.50%$0.99995
-0.27%$0.01730064
10.95%$3,315.34
-1.12%$92,189.00
1.04%$1.00
0.01%$2.73
12.73%$198.84
5.46%$3,317.45
-1.27%$170.37
5.49%$0.01773865
8.94%$13.64
1.73%$0.856477
7.97%$4.20
18.37%$0.204035
9.16%$0.309095
8.59%$0.747597
13.92%$0.00007714
17.14%$93,612.00
1.74%$0.731153
12.41%$0.575208
12.03%$35.81
19.75%$0.02134821
3.92%$1,891.36
2.56%$2.18
12.52%$0.115777
3.02%$0.00000068
7.83%$0.998191
0.04%$0.407725
6.75%$93,524.00
1.78%$0.999641
-0.12%$0.325655
8.15%$0.165644
14.70%$0.598784
16.52%$1.85
8.53%$1.099
-0.60%$0.240049
6.63%$17.69
7.85%$0.562241
7.72%$1,857.21
2.37%$3.45
9.27%$0.595168
20.29%$34.57
4.50%$0.837279
23.06%$0.00860407
39.20%$0.05482
8.75%$0.00568227
0.89%$0.00906118
11.48%$0.665471
7.59%$1.84
10.82%$17.99
20.63%$0.464237
6.97%$0.522919
2.58%$0.998938
-0.01%$94,750.00
0.15%$0.067471
0.36%$1.37
7.55%$0.999999
-0.00%$2.29
1.64%$91,259.00
1.71%$93,710.00
1.94%$0.182887
6.57%$0.00002336
9.86%$7.07
14.89%$0.999998
0.00%$0.571186
14.16%$6.49
10.03%$0.157119
7.41%$1,856.48
2.79%$0.181049
13.40%$0.250881
11.97%$0.54231
7.17%$110.81
0.01%$2.64
8.59%$93,375.00
1.60%$0.08239
8.24%$0.00000042
-0.15%$1.084
0.01%$1.002
0.09%$3.72
9.59%$0.04237399
6.18%$0.411607
27.52%$1,769.84
2.12%$0.340227
7.74%$1,889.65
2.21%$44.16
6.57%$1,777.26
2.31%$0.084556
8.65%$1,778.05
2.57%$1.00
0.03%$0.00720999
7.09%$1,777.09
2.42%$21.66
-0.12%$0.00006512
3.38%$0.00418778
5.71%$1.004
0.32%$0.17497
-0.43%$0.564114
5.01%$0.828363
2.93%$0.999601
0.05%$0.36356
14.26%$0.01719289
1.16%$0.125503
5.55%$0.00470107
11.86%$1.001
0.06%$1,815.30
1.98%$1.00
0.02%$2.87
9.02%$0.03173649
1.35%$0.252866
9.52%$0.685759
10.34%$27.86
5.34%$0.67848
0.79%$1.23
6.90%$93,632.00
1.80%$0.00000148
1.86%$3.70
9.42%$1.00
-0.01%$113.52
3.52%$0.698148
0.57%$93,422.00
1.80%$0.284303
4.29%$1,762.20
2.67%$0.999682
-0.02%$3,302.74
-0.83%$22.66
4.79%$1.16
7.79%$0.250797
48.53%$0.132769
-3.28%$2.89
1.45%$0.194462
6.59%$16.38
9.36%$0.268523
-0.98%$0.1164
7.78%$0.777185
12.62%$0.03810657
4.76%$1.003
11.75%$1,877.20
1.53%$0.01316779
7.19%$0.521847
3.66%$1,777.90
2.41%$0.451951
7.22%$0.02985361
5.16%$1,882.02
1.61%$0.251949
3.22%$0.00282834
10.49%$22.44
3.15%$0.00242902
14.88%$18.96
6.29%$1.00
-0.05%$2.30
5.68%$0.00272712
7.85%$0.00517591
9.49%$1,947.89
2.53%Reading
The Texas legislature will consider adopting a Bitcoin strategic reserve following the introduction of a bill Thursday to establish such a program, amid ongoing efforts to do the same on a national level in the United States.
The proposed bill, H.B. No. 1598, was introduced by Texas State Representative Giovanni Capriglione. It seeks to build up a supply of Bitcoin for the state, with the funds held for at least five years without being sold, plus it will allow Texas citizens to make donations to the fund.
"A strategic Bitcoin reserve aligns with Texas’s commitment to fostering innovation in digital assets and providing Texans with enhanced financial security," the text of the bill reads.
The bill adds that the cryptocurrency—held in cold storage, that is, in a wallet on a device not connected to the internet—will not be used to make transactions outside of the state or abroad.
I can confirm that the state of Texas has filed a bill to officially establish a ‘Strategic Bitcoin Reserve’.
History was made as this was the first time a bill was filed live on X Spaces.
Congrats to @VoteGiovanni for his leadership on Bitcoin. pic.twitter.com/uorZoRgXsC
— Dennis Porter (@Dennis_Porter_) December 12, 2024
“The comptroller shall prohibit transactions involving foreign countries, entities or individuals outside of Texas, or entities or individuals known to engage in illegal activities,” it reads.
Responding to a question from Decrypt, Capriglione said on a Spaces live event on X (formerly known as Twitter) Thursday that the idea had been brewing for some time.
“We’ve slowly planted the seeds and planted the education for members on it,” he said, adding that “probably the biggest enemy of our investments is inflation.”
Bitcoin is a payments network, launched in 2009 as a way to send money without the need for a centralized authority like a bank. But it has since evolved into more of a store-of-value asset, championed by some as an inflation hedge.
President-elect Donald Trump has previously told people not to sell their Bitcoin, and some politicians are now calling for the government to hold Bitcoin in reserves—like it already does with gold. Senator Cynthia Lummis of Wyoming proposed a bill earlier this year to establish such a program for the United States.
Texas has attracted Bitcoin miners in recent years due to its cheap electricity and government incentives aimed at encouraging miners to stabilize the electricity grid.
Now that Donald Trump is set to become the next president of the United States, a strategic Bitcoin reserve is in the cards. The idea was teased by Trump and several other U.S. politicians in July and early August, but lost steam following a Bitcoin price crash. One of those prominent voices is that of Senator Cynthia Lummis, a Republican from Wyoming who has been called the “Bitcoin Senator” for her vocal support of the crypto industry. She shared strategic reserve plans at the Bitcoin conferen...
The U.S. government already has a large stash of Bitcoin seized from criminals. Blockchain data firm Arkham Intelligence—which tracks large crypto wallets—puts the current government holdings at over 198,000 Bitcoin. That’s more than $20 billion in the cryptocurrency at today’s prices.
Capriglione said on the Spaces that he’s seen increased interest in Bitcoin and the idea of a strategic reserve since Trump’s election win, as the Republican candidate ran a pro-crypto campaign.
“Since November, obviously, the amount of excitement, desire, and knowledge about not just the Bitcoin reserve, but all of those other things around this technology, blockchain and others, is becoming more in the headspace of legislators,” he said. “And that’s a good thing. That’s because the constituents care about these things.”
Additional reporting by Liz Napolitano
Editor's note: This story was updated after publication with additional details.
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