Texas Becomes the First State Government in the U.S. to Officially Purchase Bitcoin

ImpermanentLossEnjoyer

2025-12-06 01:27:06

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Source: DigitalToday
Original Title: Texas becomes the first US state government to officially purchase Bitcoin
Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=610770

Texas has become the first US state government to directly purchase Bitcoin, marking a new phase in discussions related to digital assets.

According to reports, Texas has purchased $5 million worth of BlackRock Bitcoin Trust and plans to additionally directly hold $5 million worth of Bitcoin.

This is the first Bitcoin purchase at the state government level, carried out in accordance with the Texas Strategic Bitcoin Reserve Act.

This decision aligns with Texas Governor Greg Abbott’s supportive stance on Bitcoin. Governor Abbott has emphasized the potential of Bitcoin, stating, “Texas will lead Bitcoin and blockchain innovation.”

However, other states have not shown a consistent attitude toward Bitcoin. Earlier this year, about 20 states promoted bills to hold Bitcoin in public finances, but due to price declines and political pressure, most plans have been suspended.

BTC2,43%

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fren.eth

· 2025-12-08 05:49

This move by Texas really breaks the ice—they’re even having the state government stockpile coins. It really feels like mainstream acceptance is taking off. Wait, isn’t BlackRock also working on a Bitcoin ETF? This coordination is pretty interesting. Even though $10 million isn’t a huge amount, the signal it sends is huge... Which state will be next? Texas: We want not just energy, but also Bitcoin reserves. Impressive. Traditional financial giants coordinating with government-level recognition—this must be what institutional adoption feels like. Abbott played this move well. Bitcoin is truly on its way to becoming a national asset.

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MEVEye

· 2025-12-06 01:57

This move by Texas is truly incredible. Throwing in $10 million has instantly maxed out mainstream recognition.

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CascadingDipBuyer

· 2025-12-06 01:55

This move by Texas is truly impressive. The state government directly entered with $10 million worth of Bitcoin. Traditional finance probably can't sit still now.

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GasSavingMaster