Citing Bitcoin.com, Texas has become the first U.S. state to allocate $10 million in public funds to a Strategic Bitcoin Reserve, marking its entry into the digital asset space. The state used surplus budget funds to purchase bitcoin exposure via BlackRock’s IBIT ETF on Nov. 20, 2025, under Senate Bill 21, which aims to hedge against inflation and federal debt. Texas plans to transition to self-custody once its framework is finalized and may expand the reserve based on future legislative and market developments.
Texas Becomes First U.S. State to Allocate $10M for Strategic Bitcoin Reserve
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