Texas has officially scheduled a public hearing for April 23, 2025, to discuss a new bill aimed at creating a Strategic Bitcoin Reserve.

Crypto Rover first shared the news on Twitter, quickly sparking major interest in the crypto community. If passed, the bill would allow the state to purchase $500 million worth of Bitcoin every year.

Following the announcement, Bitcoin’s price increased around 1% and break over $85,000, according to CoinMarketCap.

Alongside the price surge, bitcoin’s 24-hour trading volume decreased 28.81% to $13.41 billion. This reflects strong trader activity and growing confidence in institutional support for Bitcoin.

The bill has already gone through several steps in the Texas Senate, including passing votes and readings in March. Now, with the House hearing set for April 23, the crypto community is watching closely to see if Texas will take a historic step toward officially holding Bitcoin as part of its reserves.

Also Read: Arizona Crypto Reserve Bill SB 1373 Passes House Committee

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