Bitcoin Bancorp will join Bitcoin Depot, CoinFlip, and other companies in bringing crypto ATMs to Texas, where the government has put money into BTC as a reserve asset.
Bitcoin Bancorp, formerly known as Bullet Blockchain, operates cryptocurrency ATMs. As part of its plan to grow nationally, the company announced it will put up to 200 machines in Texas.
Bitcoin Bancorp stated in a notification on Monday that the relocation to Texas, which is planned for the first quarter of 2026, is part of a plan to put ATMs all across the country. The company stated Texas was “one of the most crypto-forward jurisdictions” because of its “business-friendly regulation,” “modernised money-transmitter laws,” and “pro-innovation policy environment.”
Texas emerges as a major US Bitcoin hub
Texas is the second most populous US state, with over 32 million people. It has become a major bitcoin hub in the country. The state is home to various Bitcoin miners, such as Riot Platforms, Cypher Mining, and Bitdeer, as well as ATM providers like Bitcoin Depot and CoinFlip, which have set up machines.
Texas lawmakers became the first to enact a strategic Bitcoin reserve bill in the last year. This bill lets the state keep the cryptocurrency as part of its long-term financial assets. The bill’s language would let additional digital assets be used for purchases, which might mean that Ether (ETH$2,974) is next on the state’s list of investments. Texas puts money into Bitcoin ETFs as part of its reserve plan.
Texas invests in Bitcoin ETFs and direct BTC holdings
In June, Texas Governor Gregg Abbot approved a measure that set up a state-run fund to keep Bitcoin. In November, state officials claimed they had bought $5 million worth of shares in BlackRock’s spot BTC exchange-traded fund and planned to put another $5 million straight into the cryptocurrency.
Arizona and New Hampshire, among other US states, have passed identical laws that let their treasuries store digital assets. But neither of them seemed to have made any big purchases in public when the restrictions went into effect in 2025.