Texas to Hold Public Hearing on $500M Bitcoin Reserve Bill on April 23

In a bold legislative move, the state of Texas is set to hold a public hearing on April 23, 2025, to discuss a proposed bill that would establish a Strategic Bitcoin Reserve worth $500 million annually.

The legislation, titled the Strategic Bitcoin Reserve and Investment Bill, has already cleared multiple stages within the Texas Senate, including votes and readings conducted in March 2025. The upcoming Texas House of Representatives session marks a pivotal point in the bill’s journey toward full adoption.

If passed, the bill would authorize the state to purchase half a billion dollars in Bitcoin each year, formally integrating the cryptocurrency into its financial reserves.

Immediate Market Impact

The crypto market responded quickly to the announcement.
According to CoinMarketCap:

• Bitcoin’s price surged by approximately 1%, breaking the $85,000 mark.
• Surprisingly, 24-hour trading volume decreased by 28.81%, dropping to $13.41 billion.

This inverse movement — price up, volume down — suggests growing confidence among long-term investors and reflects optimism regarding institutional support for Bitcoin.

Implications and Strategic Considerations

The April 23 hearing is expected to delve into:

• Potential economic advantages of Bitcoin as a state asset.
• Risks and volatility management strategies.
• Texas’ position as a national leader in crypto adoption.

This step could position Texas as the first U.S. state to officially hold Bitcoin as part of its treasury, reinforcing its pro-crypto stance and potentially influencing national policy trends.