Texas is for Bitcoin Governor Greg Abbott has given assurance in signing the Texas SB21 Bill into law once the Bill has been forwarded to his office. I always know Governor Greg as a man of his words and he has been showing Keen interest on the SB 21 bill right from the onset, Likewise as a strong supporter of bitcoin in the US. I don't know how much taxpayers funds will be invested into Bitcoin but I am certain its gonna be huge since it's coming from the 8th largest economy in the world. For sure Texas will certainly become the Bitcoin headquarter of the USA.
No figures indicated on how much but they will not solely use the funds of tax payers since they have source like private donations and their investment earnings.
What's really more interesting about this is they allow people to donate on their reserve this is somehow a great article to read more about Texas plans and other more
https://www.texaspolicyresearch.com/texas-house-approves-sb-21-paving-way-for-state-run-bitcoin-reserve/Although there are doubts towards the action they made but for sure everything will be fine just like other institution invest first especially if they can work everything so well.
It will be interesting how Texas being active on accumulating bitcoin, will impact the game theory at federal level (Will the FED like being frontrunner by a single state Reserve?
Second, what happens at international level, if Texas starts frontrunning all the others nations. Imitation as a power to innovations.
Well maybe they get pressured on every state decision for creating their own reserves. This situation really challenges the traditional policies and they might be force to consider changing their stance then adopt Bitcoin.
Also I think let's just see what's going to happen if more state will approve the Bitcoin Reserve Bill since for sure that FED's would provably do some action to. I guess the only thing we could watch for if Texas and other state would bare good result on this adoption maybe there would be more adoption on Bitcoin would gonna happen. So hoping for best result on each action they have done since it could provably change the financial dynamics of the world.