Texas Has Become the First State to Invest in Crypto Assets

Texas becomes the first state to buy bitcoin as more states eye cryptocurrencies

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Texas has become the first state to invest in crypto assets

The state has purchased around $5 million worth of bitcoin through an exchange-traded fund. The move was made possible by Senate Bill 21, which gave the state comptroller the authority

Texas becomes the first state to invest in crypto

The move comes after the passage of a senate bill authorizing the comptroller to use public funds to invest in crypto assets.

Texas Makes History Investing 10 Million Dollars in Bitcoin as State Reserve - The Cryptocurrency Post

Texas has marked a historic milestone by officially becoming the first state jurisdiction in the United States to acquire cryptocurrency for its public treasury. Lee Bratcher, president of the Texas Blockchain Council, confirmed that Texas buys Bitcoin at a crucial moment, defying the current trend of institutional caution and capital outflows in ETFs. This decision positions the state as an undisputed pioneer in the adoption of sovereign digita…

Texas Becomes First US State to Purchase Bitcoin During Market Downturn

Texas officially purchased $5 million worth of Bitcoin through BlackRock's iShares Bitcoin Trust on November 20, becoming the first US state to hold Bitcoin as a reserve asset. According to Cointelegraph, the state acquired the position at approximately $87,000 per Bitcoin while exchange-traded fund markets experienced outflows and institutional caution spread across the sector.The purchase represents the initial deployment of a $10 million allo…

What Texas’ recent Bitcoin purchase signals to the rest of the US in a market downturn

The latest episode of Byte-Sized Insight examines why Texas made a $5 million Bitcoin purchase during a market downturn and what it signals for state-level crypto adoption across the U.S.