Texas made history this week by becoming the first US state to incorporate cryptocurrencies into its treasury strategy, purchasing $10 million in Bitcoin (BTC).
Texas Leverages BlackRock’s Bitcoin ETF
Market expert MartyParty disclosed on social media platform X (formerly Twitter) that this investment was executed on November 25, 2025, through BlackRock’s spot Bitcoin exchange-traded fund (ETF).
This strategic move positions Texas as a trailblazer in state-level cryptocurrency adoption, reflecting a growing institutional interest in Bitcoin as a hedge against inflation and as a vehicle for financial innovation.
The initiative is rooted in legislative actions encapsulated in Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve and Investment Act.
Signed into law by Governor Greg Abbott on June 20, 2025, this bill was sponsored by State Senator Charles Schwertner and garnered bipartisan support, passing the Senate with a vote of 25-5 in March and the House with a 101-42 vote in May.
Setting A Precedent Ahead Of Arizona And New Hampshire
MartyParty noted that the allocation of $10 million represents a mere 0.0004% of Texas’s biennial budget, which totals approximately $338 billion.
Importantly, this investment establishes a standalone reserve managed independently by the Texas Comptroller of Public Accounts, thereby shielding it from routine fiscal sweeps.
This reserve is designed to hold Bitcoin and potentially other cryptocurrencies that have a market cap exceeding $500 billion. Additionally, Texas residents will have the option to donate Bitcoin to further enhance this reserve.
The execution of this purchase marks the first instance of taxpayer-funded state acquisition of Bitcoin. MaryParty highlighted states like Arizona and New Hampshire, which have passed similar authorization bills. However, they have yet to commit public funds into such digital asset treasuries.
As of press time, the leading cryptocurrency was trading at $86,930, down roughly 3% over the last 24 hours.
Featured image from DALL-E, chart from TradingView.com
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