March 7, 2025
Texas Makes History
The reserve will act as a long-term store of value for Bitcoin (BTC). Texas has also introduced a Bitcoin reserve bill (SB-21), aiming to become the first state to hold Bitcoin as a reserve asset.
Source: Arkham Intelligence
Although many have supported the decision and called it a major win for the crypto industry, David Sacks has remained cautiously optimistic, criticizing past government Bitcoin sales, arguing they cost taxpayers billions.
Primarily Bitcoin
The reserve will primarily hold Bitcoin alongside other major cryptocurrencies like XRP, SOL, ADA, and ETH, with BTC and ETH as its core assets. The executive order also establishes a separate stockpile for other digital assets managed by the Treasury Department.
Currently, the U.S. holds approximately $17.71B in seized digital assets, including 198,109 BTC, valued at around $17.87B. However, XRP, SOL, and ADA are not listed among the government’s holdings.
