Texas has officially become the first U.S. state to purchase Bitcoin for its Strategic Reserve, marking a historic milestone in the adoption of digital assets by government entities. The state executed an investment utilizing BlackRock's iShares Bitcoin Trust (IBIT) with public funds. The move aligns with Texas's pro-crypto political stance, potentially influencing similar legislation pending in states like Florida and Wyoming. While initial reports suggested a purchase size of roughly $10 million around the $87k price level, updated information points to a more specific initial tranche or corrected figure. [Update 1] New reports indicate the specific value of the Bitcoin acquired is approximately $5.2 million. This acquisition, made through BlackRock's ETF, officially establishes Texas as the first state to allocate funds to Bitcoin for reserve management, setting a precedent for other US state treasuries.