Texas cities and counties could invest up to $10 million each in Bitcoin under House Bill 815, introduced by Rep. Ron Reynolds. The measure would take effect on Sept. 1, 2027, if passed.
Why it matters
Texas already has a state-level Bitcoin reserve. The bill would open another potential avenue for public-sector investment in Bitcoin at the local level.
Market impact
The $10 million figure is a limit for each city or county, not an announced purchase. The bill must pass before local governments can invest under the proposal.
Frequently asked questions
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How much could each Texas city or county invest under HB 815?
The bill would allow each city or county to invest up to $10 million in Bitcoin.
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Who introduced the Texas Bitcoin investment bill?
Rep. Ron Reynolds introduced House Bill 815.
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When would HB 815 take effect if passed?
The measure would take effect on Sept. 1, 2027, if passed.
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Does Texas already hold a state-level Bitcoin reserve?
Yes. Texas already has a state-level Bitcoin reserve.
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Does the $10 million figure represent an announced Bitcoin purchase?
No. It is the proposed investment limit for each city or county, not an announced purchase.
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