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Saylor says Bitcoin reserve backing spans party lines after Florida and Texas wins
Strategy's Michael Saylor says Republican Byron Donalds and Democrat James Talarico both backed government Bitcoin holdings, pointing to bipartisan support for reserves.
Why it matters: The article reports that politicians from both parties who backed Bitcoin reserves have just won elections, a signal for readers watching how far government Bitcoin holdings could spread.
Key points
- Saylor posted on 4 Nov that Florida elected a Republican governor backing a US Bitcoin reserve and Texas a Democratic senator who voted for a state one
- Donalds introduced the Reserve and Stockpile Act in March 2025 to write the federal reserve into law
- The Texas House passed Senate Bill 21 by 101-42 on 21 May 2025, and it took effect on 20 June 2025
Michael Saylor says Bitcoin reserve support crosses party lines, citing two election wins. The Strategy executive chairman wrote on X on 4 Nov that Republican Byron Donalds won Florida's gubernatorial race and Democrat James Talarico won a US Senate seat in Texas, both having backed government Bitcoin holdings.
Donalds introduced the Reserve and Stockpile Act in March 2025 to codify the federal Bitcoin reserve, which President Donald Trump created by executive order on 6 March 2025. Writing the policy into law would limit a future administration's ability to reverse it. The order seeded the reserve with Bitcoin seized through forfeitures and allowed officials to seek budget-neutral ways to buy more.
Federal and Texas reserves
Talarico, a Texas state representative, voted for Senate Bill 21, which the Texas House passed 101-42 on 21 May 2025 and which took effect on 20 June 2025. The law sets up a Strategic Bitcoin Reserve as a special fund outside the state treasury, run by the comptroller, and requires reserve assets to have averaged a market capitalisation of at least $500bn over the previous 24 months.
In an interview on 17 Oct, Donalds backed governments holding Bitcoin reserves and described Bitcoin as a possible hedge against monetary policy, comparing it with gold. Bitcoin's consensus rules cap total supply at about 21 million BTC.
Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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