tldr; Texas has invested $5 million in Bitcoin through the BlackRock iShares Bitcoin Trust (IBIT), marking the first state-level public fund allocation to Bitcoin. This purchase, made on November 20, 2025, is part of a $10 million Strategic Bitcoin Reserve authorized by Senate Bill 21. The state plans to transition from ETF shares to direct custody of Bitcoin once custody systems are established. This move is seen as a hedge and diversification strategy, potentially influencing other states to consider similar investments.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ApexMM on
I’m thinking this will prove to be a bad decision, but we’ll find out!
Bigdyll13 on
Didn’t they invest in a Bitcoin ETF and not actually buy the Bitcoin?
Frustrated_Bettor on
I wish they bought actual Bitcoin, but this is a step in the right direction!
justcurious3287 on
I wish I had $10 million to throw into BTC. 🙁 I invest in BTC so that I have a shot at having even a fraction of that amount in the first place!
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tldr; Texas has invested $5 million in Bitcoin through the BlackRock iShares Bitcoin Trust (IBIT), marking the first state-level public fund allocation to Bitcoin. This purchase, made on November 20, 2025, is part of a $10 million Strategic Bitcoin Reserve authorized by Senate Bill 21. The state plans to transition from ETF shares to direct custody of Bitcoin once custody systems are established. This move is seen as a hedge and diversification strategy, potentially influencing other states to consider similar investments.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I’m thinking this will prove to be a bad decision, but we’ll find out!
Didn’t they invest in a Bitcoin ETF and not actually buy the Bitcoin?
I wish they bought actual Bitcoin, but this is a step in the right direction!
I wish I had $10 million to throw into BTC. 🙁 I invest in BTC so that I have a shot at having even a fraction of that amount in the first place!