Texas joins Arizona and New Hampshire in passing Bitcoin reserve legislation, but more states may follow. According to recent reports, at least 24 states have introduced similar bills, including Utah, Ohio, Illinois, and New Mexico. Ohio has already implemented tax exemptions for Bitcoin payments below $200 and now recognizes self-custody rights.
Meanwhile, corporate interest in continues to grow. Nakamoto Holdings, founded by U.S. President Donald Trump’s crypto adviser David Bailey, recently raised $51.5 million in a private equity deal to acquire more BTC. In Europe, France-based Blockchain Group expanded its Bitcoin holdings by purchasing 182 BTC for approximately $19.6 million, raising its total to 1,653 BTC.
Analysts believe that the formalization of Texas’s entry into the may play a prominent role in the greater adoption of digital assets, both state and institutional, as public agencies continue to consider alternatives to conventional financial instruments.
