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First-Ever State Bitcoin Purchase Puts Texas in the Spotlight
- Bitcoin
Cryptokeeper
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- 1 minute read
Texas has become the first U.S. state to obtain bitcoin exposure with public funds, allocating $10 million to its new Strategic Bitcoin Reserve. Texas formally entered the bitcoin arena on Nov. 20, 2025, when officials deployed $10 million of surplus budget funds to acquire bitcoin exposure via Blackrock’s IBIT exchange-traded-fund (ETF). The buy stems from […]
