Bitcoin Bancorp Expands Operations in Texas
Bitcoin Bancorp, the cryptocurrency ATM company previously recognized as Bullet Blockchain, is set to enhance its operations by installing up to 200 Bitcoin ATMs across Texas. This strategic initiative is part of a broader plan to extend its network nationwide, with the deployment anticipated to begin in the first quarter of 2026.
Texas: A Crypto-Forward Jurisdiction
The company highlighted Texas’ advanced stance on cryptocurrency regulation, describing the state as a “crypto-forward jurisdiction” due to its favorable policies, which include updated money-transmitter regulations and an overall supportive environment for innovation.
With a population surpassing 32 million, Texas stands as the second-most populous state in the United States and has emerged as an essential hub for the cryptocurrency industry. Alongside Bitcoin Bancorp, other ATM operators such as Bitcoin Depot and CoinFlip have established their bases in Texas. Additionally, the state is home to notable Bitcoin mining firms like Riot Platforms, Cipher Mining, and Bitdeer.
Legislative Actions Supporting Cryptocurrency
Legislative actions in Texas underlined its commitment to embracing cryptocurrencies over the past year. Lawmakers passed a pioneering Bitcoin reserve bill, which permits the state to accumulate Bitcoin as part of its financial portfolio. This legislative move opens the door for other digital assets, including Ether, to potentially be incorporated into the state’s investment framework.
In June, Texas Governor Greg Abbott enacted a law that legitimizes a state-run fund for holding Bitcoin. Subsequent to this, Texas officials confirmed a transaction in November involving $5 million worth of shares in BlackRock’s spot Bitcoin exchange-traded fund, with intentions to further invest an additional $5 million directly into Bitcoin itself.
Meanwhile, other states like Arizona and New Hampshire have also passed laws allowing the holding of digital assets by their treasuries, although they have yet to make significant public investments since their legislation came into effect in 2025.
