#binance #hype #zec #near
26/11/25 10:53 UTC-04

Texas Becomes the First U.S. State to Officially Purchase Bitcoin

Texas has invested $5 million in BlackRock’s BTC ETF.

This year, the state allocated $10 million to establish a strategic Bitcoin reserve.

Other states are also taking steps toward creating similar reserves, but Texas may become the first to launch a full-scale, long-term Bitcoin investment program.

Texas is moving closer to creating the first state-level crypto reserve in the United States. Last week, Texas invested $5 million into BlackRock’s iShares Bitcoin Trust (IBIT). This allocation is not a direct purchase of Bitcoin: the ETF was chosen as a temporary instrument while the state finalizes its custodian contract and the process of acquiring digital assets. The investment is part of the development of the Texas Strategic Bitcoin Reserve.

The state has already requested recommendations from the crypto industry regarding the structure for storing and managing the future reserve. The submission deadline passed last month. Earlier this year, lawmakers allocated $10 million to launch the reserve and instructed agencies to prepare the necessary legal and technical infrastructure.

Other states have invested in crypto ETFs, but only through pension funds. Michigan previously held such positions, and Wisconsin sold its $350 million stake in May. However, no state has yet created its own strategic Bitcoin reserve — Texas may be the first.

New Hampshire has also passed a law to establish a Bitcoin reserve, but progress has been slow. State officials confirmed that no actions have been taken so far. Instead, authorities are considering issuing $100 million in Bitcoin bonds to fund an economic development fund. In Arizona, lawmakers approved directing unclaimed crypto assets into a state reserve this year.

Lee Bratcher, president of the Texas Blockchain Council, noted that the state “bought the dip,” acquiring the ETF at around $87,000 per BTC after the price fell from highs above $120,000. According to him, Texas is setting an example for other regions and accelerating the adoption of cryptocurrency at the government level.

See also: "Publication of Crypto Reserve Data Boosts Bitmine Shares by 20%"

#Bitcoin (BTC) #Investment #USA

Editor: Yuliya Soroka
Comments

Similar

04/06/26 05:55 UTC-04

CryptoQuant Analysts Say Bitcoin Is Showing Signs of a Short-Term Decline

The recent sharp sell-off in the cryptocurrency market has forced a significant share of Bitcoin investors to abandon their profit-taking positions. Darkfost, an analyst at the data platform CryptoQuant, shared important data on the ratio of Bitcoin supply to profit-taking positions

10/05/26 07:00 UTC-04

Institutional Investors Acquired 64,000 Bitcoins Over the Last Month

Institutional Bitcoin purchases accelerated again in April, with corporate reserves acquiring more than 64,000 BTC in a single month. According to the published data, publicly traded companies and institutional reserves added a total of 64,722 BTC in April. The net increase amounted to approximately 57,791 BTC. As a result, April 2026 became one of the largest periods of institutional Bitcoin buying since mid-2025.