Texas officially became the first US state to invest in Bitcoin for its treasury.
Lee Bratcher, President of Texas Blockchain Council, announced this via his X tweet on 26/11/2025.
“Texas bought the dip!” he wrote. “Texas becomes the FIRST state to purchase Bitcoin with a $10M investment.”
The investment team of Texas Comptroller has long monitored the market. Finally, the transaction was performed in November 2025, when Bitcoin’s value dipped to $87,000.
Bratcher also explained that Texas plans to manage Bitcoin through self-custody, which means private keys are stored independently without relying on third parties.
For now, though, asset purchases and storage are carried out through Bitcoin ETFs (Exchange Traded Funds). ETFs allow both individual and institutional investors to gain exposure to a diverse range of stocks without purchasing or storing assets directly.
A $10 million investment sounds small, but this is a symbolic step in the world of cryptocurrency.
This Bitcoiin purchase marks the beginning of Texas’s financial strategy, which focuses on the development and control of digital asset infrastructure. This is also the first time a US state treats Bitcoin as a treasury-level asset.
This decision also positions Texas as a pioneer in state-level adoption of digital assets. Texas has the potential to influence how other states or even countries interact with digital assets in the future.
In fact, two other US states have introduced bills about a Strategic Bitcoin Reserve.
Specifically, Illinois plans to create a reserve fund in Bitcoin. This state believes that Bitcoin’s potential as a decentralized and finite digital asset makes it a resilient hedge against inflation.
Meanwhile, Indiana's new regulations focus on adopting blockchain for government workflow efficiency and data management security. These regulations also address state-managed Bitcoin investments. For example, some pension funds can potentially be automatically invested in approved Bitcoin ETFs.
State-level adoption of Bitcoin demonstrates cryptocurrency’s rapid development. Ten years ago, Bitcoin was just a digital asset for trading that was slowly building hype. Now, Bitcoin and hundreds of other digital assets are being taken into serious consideration by private, public, and even government institutions.
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