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Crypto
Texas Becomes First U.S. State to Purchase Bitcoin
11/26/2025, 05:36
AI SUMMARY
●• Texas reportedly becomes the first U.S. state to buy Bitcoin for its reserves
●• The purchase of ~$7.8M was allegedly executed through BlackRock's ETF
●• This marks a significant milestone in public sector adoption of digital assets
Reports circulating in the trader community indicate that the state of Texas has become the first in the U.S. to officially purchase Bitcoin. The acquisition was reportedly made via BlackRock's ETF, amounting to approximately $7.8 million.
This development would mark a historic precedent for state-level adoption of digital assets as part of public treasury management. Texas has long been a hub for Bitcoin mining, and direct investment by the state would further solidify its pro-crypto stance.
The move is being discussed as a potential catalyst for other states to consider similar diversification strategies. If confirmed as a trend, state-level adoption could represent a new tier of institutional inflow.