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Brenda Kanana

Texas Becomes First U.S. State to Purchase Bitcoin for Government Reserve

Texas completed a $10 million Bitcoin acquisition on November 20, 2025, at approximately $87,000 per coin, becoming the first U.S. state to establish a formal government digital asset reserve. The purchase was executed through BlackRock's iShares Bitcoin Trust (IBIT) as an interim measure while the state finalizes its self-custody infrastructure. The transaction follows legislation signed in June 2025 that authorized a Strategic Bitcoin Reserve with cold-storage requirements and minimum holding periods.
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