Texas Leads with Bitcoin Reserve Fund, Leaving Door Open for Litecoin’s Rise

On June 20, 2025, Texas made history by enacting the Bitcoin Strategic Reserve Act, which permits the state to acquire Bitcoin with public funds. According to the law, any cryptocurrency included in the reserve must have had an average market capitalization of at least $500 billion over the past 24 months. At present, this restricts eligibility to Bitcoin only today, but it allows for the possibility of other assets—such as Litecoin—qualifying in the future. Texas would be the first U.S. state to officially incorporate Bitcoin as a strategic reserve.

Litecoin, for example, currently has a market cap of around $6.1 billion and would need to grow approximately 100× or more to meet the requirement, an ambitious but not impossible given its consistent network growth over the past 13 years and how similar it is to Bitcoin.

CoinDesk just reported today, that Texas is already planning to put $10 million toward buying Bitcoin from its new Strategic Bitcoin Reserve. This would make Texas the first state in the U.S. to actually use public money to invest in Bitcoin.

Source:

1. https://legiscan.com/TX/text/SB21/id/3249019

2. https://www.coindesk.com/policy/2025/06/23/texas-ready-for-10m-bitcoin-purchase-after-governor-signs-bill-for-state-reserve

3. https://coinmarketcap.com/currencies/litecoin/