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Texas doubles down on Bitcoin, forming advisory committee for strategic digital asset reserve

Market News
29 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Texas is expanding its pioneering Bitcoin reserve by creating a five-member advisory committee to guide future purchases of Bitcoin and other digital assets. The Texas Strategic Bitcoin Reserve was established by law in 2025 with an initial $10 million budget, and the state made its first Bitcoin investment via an ETF in late 2025. Texas remains the only US state using public funds for Bitcoin, with plans to potentially diversify its crypto holdings. This move will be closely watched as a test of public Bitcoin investments' fiscal viability.

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