House Bill (HB 1598)

• Donations Only: This bill only allows for donations in Bitcoin and does not permit outright purchases by the state
• Holding Period: Any donated Bitcoin must be held for at least five years before it can be sold, transferred, or converted to another cryptocurrency.
• Fund Structure: The reserve would be established as a special fund in the state treasury outside the general revenue fund.

Senate Bill (SB 778)

• State Purchases: This bill allows the state to own and hold Bitcoin as a financial asset, not just through donations.
• Budget Allocation: The legislature can designate up to 1% of any leftovers from the state's biennial budget for the comptroller to purchase Bitcoin.
• Advisory Committee: The bill proposes creating the Texas Strategic Bitcoin Reserve Advisory Committee to oversee the reserve.
• Broader Scope: It allows for both state ownership and donations from residents and entities.
• No Minimum Holding Period: Unlike the House bill, there is no specified minimum holding period for the Bitcoin in the reserve.