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Texas Launches $5M Bitcoin Reserve, Becomes First U.S. State to Hold BTC as Reserve Asset

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$92,471.602.5%
Texas launched a $5M Bitcoin reserve, making it the first U.S. state to hold BTC as a reserve asset. The state bought its first Bitcoin at $91,336 on November 20, using $10 million total—part of a $338B annual budget. Texas Comptroller Kelly Hancock called it a bold move. Lee Bratcher of the Texas Blockchain Council said the investment will pay off long-term. Arizona and New Hampshire also passed Bitcoin reserve laws but haven’t bought yet. Wisconsin and Michigan added crypto to pension funds last year. Bitcoin news: BTC now trades at $92,311, up 2.5% in 24 hours. Federal Reserve news remains key for crypto markets.
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