Texas Bill Proposes $250 Million Investment in Bitcoin and Cryptocurrencies

• Texas proposes investment in Bitcoin.
• $250 million investment in BTC and cryptos.
• Measure aims at economic growth and innovation.

In a move that signals the growing adoption of cryptocurrencies in the political and economic landscape, the state of Texas has introduced House Bill 4258 (HB 4258), which proposes a $250 million investment in Bitcoin and other digital assets. The initiative puts Texas at the forefront of exploring the potential of cryptocurrencies, seeking to drive economic growth and cement its position as a hub of innovation.

The bill, which comes at a time of growing global interest in Bitcoin, reflects Texas lawmakers’ view that cryptocurrencies represent an opportunity to strengthen the state’s financial position. In addition to state investment, HB 4258 also allows local governments to invest up to $10 million in Bitcoin, democratizing access to the cryptocurrency market.

“The controller may not invest more than $250 million of the balance of the economic stabilization fund in Bitcoin or other cryptocurrency,” the statement said. project . “A municipality or county may not invest more than $10 million of its funds or funds under its control in Bitcoin or other cryptocurrency.”

According to the document, the new legislation will go into effect in Texas on September 1, 2025. The text of the bill emphasizes that state investments will be directed to promote economic growth, foster innovation and support job creation.

The introduction of HB 4258 comes amid growing adoption of Bitcoin around the world, with businesses and financial institutions increasingly recognizing the cryptocurrency’s potential. Texas’ initiative reinforces the trend that cryptocurrencies are becoming an integral part of the global financial system.

It is worth remembering that, last week, in a decision that could transform the financial landscape of the United States, the Texas Senate approved Bill SB21, which allows the state to include Bitcoin in its financial reserves. This measure allows the state government to allocate a portion of its reserve funds to Bitcoin, in a clear bet against inflation and a strategic move to embrace innovation in the blockchain sector.

At the time of publication, the price of Bitcoin was quoted at US$81.590,85, up 2.6% in the last 24 hours.