- Texas may invest $250M in Bitcoin, the first U.S. state to have a crypto reserve.
- The bill would boost local economies by allowing cities to invest as much as $ 10 M.
- Texas lawmakers discuss various Bitcoin bills, a landmark crypto shift.
Texas lawmakers are debating House Bill 4258, which would spend up to $250 million of the Economic Stabilization Fund on Bitcoin. If enacted, the bill would make Texas the first U.S. state with an official Bitcoin reserve, a landmark shift in public finance policy.
Texas Seeks to Establish Bitcoin Reserve With House Bill 4258
In a report on X by CryptoELITES, Texas legislators are weighing House Bill 4258, which would allow the state to invest as much as $250 million each year in Bitcoin. The action is part of the bigger initiative to include cryptocurrency in the financial budget of Texas.
Sponsored by Democratic Reps. Ron Reynolds and Mihaela Plesa, the legislation would employ state Economic Stabilization Fund, or “Rainy Day Fund,” funds. If passed, Texas would become the first state to have a Bitcoin reserve, further establishing its pro-crypto image.
Legislative Facts and Potential Impact on Texas’s Economy
H.B. 4258, introduced on March 11, 2025, authorizes the Texas Comptroller to invest some of the state’s reserves in Bitcoin. The bill, which is pending before the Delivery of Government Efficiency Committee, aligns with Texas’s broader crypto-friendly policies.
In addition, counties and local governments may also invest as much as $10 million of their funds in cryptocurrency, which supports local economies. Texas is already a crypto leader, with nearly one-third of the nation’s Bitcoin mining happening within the state.
Along with legislative support, the state’s energy and business incentive infrastructure also continues to attract blockchain companies. If passed, the bill would be an important step toward taking Bitcoin into government budgeting, which could encourage other states to follow suit with similar investments.
More Crypto Legislation in Texas
Eight bills related to Bitcoin have been filed by Texas legislators in 2025, four of which, including H.B. 4258, aim to put digital assets on the state’s books. In addition, three other bills, H.B. 1598, S.B. 21, and S.B. 778, seek to create a Strategic Bitcoin Reserve. S.B. 21 just passed the Senate on a 25-5 vote, proving bipartisan support for Bitcoin’s economic function.
The fast growth of Bitcoin mining in Texas has spurred energy usage and environmental issues. Legislators seek solutions to strike a balance between innovation and sustainability while maximizing the state’s leadership position in blockchain adoption.
If H.B. 4258 proceeds, Texas can set a precedent regarding cryptocurrency regulations. The move can spur broader use nationwide. Other states can take a cue from Texas in embracing digital assets.
