According to Cointribune, Texas has become the first U.S. state to officially integrate Bitcoin into its public reserves. On November 20, the state made an initial $10 million investment via BlackRock’s IBIT ETF, with a purchase price of approximately $87,000 per BTC. The move is part of a reserve program developed over the past year and is based on a law passed in June 2024, creating the Strategic Bitcoin Reserve. The initiative, led by the Texas Blockchain Council and supported by state officials, aims to establish a sovereign digital reserve as part of a long-term economic strategy.
Texas Becomes First US State to Integrate Bitcoin into Public Reserves
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