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Texas to Launch Bitcoin Reserve by 2025, Joining Arizona and Czech Republic in Crypto Push

Coin WorldWednesday, Jan 29, 2025 4:26 pm ET

1min read

Texas Lieutenant Governor Dan Patrick has unveiled a proposal to launch a Texas Bitcoin Reserve by 2025, underscoring the state's ongoing push to integrate Bitcoin (BTC) into its financial strategy and reinforce its status as a blockchain-friendly state. The proposal comes amidst a growing trend among U.S. states looking to integrate cryptocurrency into their financial frameworks.

Patrick's proposal highlights Texas' commitment to embracing innovative technologies and securing its place in the 21st century. The state has seen tensions between crypto miners and the government, but these moves reflect a growing trend among U.S. states looking to integrate cryptocurrency into their financial frameworks.

In Arizona, the Senate Finance Committee recently approved SB1025, also known as the "Arizona Strategic Bitcoin Reserve Act." The bill, co-sponsored by State Senator Wendy Rogers and Representative Jeff Weninger, would allow the state to invest up to 10% of its public funds—including state treasury and retirement system reserves—in Bitcoin and other digital assets. With a 5-2 vote, the bill now moves to the Senate Rules Committee before heading to a full Senate vote.

Meanwhile, the head of the Czech National Bank is proposing to invest 5% of the country's reserves in Bitcoin (BTC). Aleš Michl, the bank's governor, plans to propose a Bitcoin reserve strategy at the bank's seven-member board meeting on Thursday. If approved, the bank could invest as much as 5% of its 140 billion euro ($146 billion) reserves in Bitcoin.

Michl believes that Bitcoin is an opportunity to increase the diversification of the country's investment portfolio and generate larger returns. He points to the greater adoption of Bitcoin, such as the spot market exchange-traded funds (ETFs), and the recent pro-crypto actions by U.S. President Donald Trump, who ordered a study of creating a national stockpile of digital assets.

These developments highlight the growing interest in Bitcoin and other cryptocurrencies among governments and financial institutions worldwide. As more countries and states explore the potential of digital assets, the global landscape of finance continues to evolve.

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