Texas has just become the first US state to create a publicly funded Bitcoin reserve, thanks to Governor Greg Abbot signing the Senate Bill 21 this weekend.
The ultimate aim of the ‘Texas Strategic Bitcoin Reserve’ is to strengthen the state’s financial resilience and serve as a hedge against inflation.
Not only is this news bullish for $BTC but also for Bitcoin-native infrastructure. As more states consider holding the #1 crypto, the need for fast, scalable tools is bound to skyrocket.
This is where Bitcoin Layer-2 solutions like Bitcoin Hyper ($HYPER) shine bright. They power real-world $BTC adoption with lightning-fast throughput, lower fees, and smart contract capabilities.
Texas Launches State-Independent $10M Bitcoin Reserve
States like New Hampshire and Arizona passed similar laws. However, Texas has taken one step further, funding the Texas Strategic Bitcoin Reserve with a hefty $10M allocation.
This new initiative stands stands out from traditional state-owned reserves by operating independently. Only the Texas Comptroller’s office and a three-member crypto investment advisory board will manage it.
To protect the new bill, Abbott signed House Bill 4488 on June 21, preventing routine ‘fund sweeps’ from transferring reserve funds into the state’s general budget. Specifically, it highlights Texas’ intent to HODL $BTC.
It’s not just about purchasing $BTC from the open market, either. The reserve could grow through airdrops, network forks, investment gains, or public crypto donations.
To track its performance, the government will release a comprehensive report detailing the fund’s holdings every two years.
But as more governments and institutions adopt $BTC, on-chain congestion is bound to increase, which puts the entire industry at risk.
Thankfully, Bitcoin Hyper (HYPER) is getting ready to deliver the speed and scalability necessary to power the next wave of Bitcoin utility.
Bitcoin Hyper to Help Solve $BTC’s Growing Pains
Bitcoin Hyper ($HYPER) is positioning itself as the Layer-2 upgrade Bitcoin has long needed, and will likely need now more than ever before.
Much like how Solaxy ($SOLX) gives Solana a performance boost (and raised over $58M on presale as a consequence), Bitcoin Hyper is built to supercharge Bitcoin.
The network, set to go live in Q3 2024, will feature wrapped $BTC and full integration with the Solana Virtual Machine (SVM). This will help it facilitate speedy swaps, batch transactions, and low fees – even during periods of peak usage.
A smart canonical token bridge will continuously sync Bitcoin Hyper with Bitcoin’s Layer 1. This will ensure that every action on the Layer 2 network remains secure, transparent, and verifiable. Check out our guide for a deeper dive into $HYPER’s inner workings.
In Q4 2025, you can also anticipate the release of the Bitcoin Hyper Developer Toolkit. This will let developers build everything from lending platforms to Web3 games, while remaining anchored to Bitcoin’s mainnet for extra security.
With 30% of the total $HYPER supply earmarked for ongoing developments, you can anticipate regular updates and innovation as the ecosystem matures.
It’s not surprising that whale buyers already notice the project’s long-term potential, three of whom have invested $74.9K, $54.1K, and $53.9K into $HYPER.
Each of these buys has helped it raise over $1.5M on presale in no time.
Join $HYPER to Potentially Gain 2,567% Returns
Texas isn’t just holding Bitcoin but setting a new standard. By funding a $10M $BTC reserve and protecting it from budget sweeps, the state bets big on the crypto leader’s future as a strategic asset.
Not only is this move bullish, but it’s also a turning point for $BTC adoption. It highlights the urgent need for rapid and scalable infrastructure.
Thankfully, Bitcoin Hyper is being built for the demands of tomorrow’s economy, supercharging the Bitcoin network with faster speeds, lower costs, and seamless scalability.
You can get in on the action by purchasing $HYPER on presale for just $0.012. After being listed on major exchanges, it’s projected to reach $0.32 this year – a possible 2,567% gain compared to its current price.
This isn’t investment advice. Always do your due diligence before making any investments – crypto prices can tumble as quickly as they jump.
