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Texas has made history by becoming the first U.S. state to purchase Bitcoin worth $10 million for its treasury.
Author: Sahil Thakur
26th November 2025 – Texas has made history by becoming the first U.S. state to purchase Bitcoin for its treasury. On November 20, state officials executed a $10 million allocation through BlackRock’s spot Bitcoin ETF. This move marks the beginning of Texas’s Strategic Bitcoin Reserve and signals a new chapter in public-sector finance.
State officials chose BlackRock’s IBIT ETF to make the purchase. They saw this route as a practical and regulated entry point. Lee Bratcher, President of the Texas Blockchain Council, confirmed the transaction. He noted that the treasury’s investment team had been tracking Bitcoin’s price and completed the buy around $87,000 per coin.
Although the state used an ETF for now, officials say the long-term goal is to adopt direct self-custody. Texas is currently building the systems needed to manage digital assets securely and independently.
The purchase was made possible by a legislative measure passed earlier this year. That policy recognized Bitcoin as a strategic reserve asset and allowed the treasury to allocate a portion of its balance sheet to digital assets. This $10 million buy represents the first step in a broader strategy.
Officials involved in shaping the policy say the reserve reflects a long-term commitment. They aim to gradually build out infrastructure, strengthen oversight, and implement proper risk controls.
Though $10 million is small compared to the state’s total reserves, the move carries symbolic weight. Texas now leads all U.S. states in adopting Bitcoin at the government level. Analysts believe this could prompt other states to explore similar strategies.
The purchase came during a broader market pullback, which some view as a smart buying opportunity. Bitcoin’s price had dipped, creating what officials saw as favorable conditions to enter the market.
This development could influence how other states approach Bitcoin and digital assets. It raises questions about reserve diversification and how state governments might modernize their fiscal strategies.
If more states follow Texas’s example, it could mark the start of a broader public-sector shift toward Bitcoin. For now, Texas has taken the first step and the rest of the country is watching.
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