🇺🇸 America’s First Strategic Crypto Reserve Is Taking Shape — and Texas Just Fired the First Shot
🚀 Historic Move:
Texas has officially become the first U.S. state to buy Bitcoin using public funds.
$BTC : 91,503.43 (+5.36%)
💰 Allocation Breakdown:
$10M approved from the state treasury
$5M already deployed into the BlackRock IBIT Bitcoin ETF at an avg. price of $87,000 per BTC
$5M set aside for purchasing real, physical Bitcoin
📊 Scale & Impact:
Texas — with a $2.7T GDP (the 8th-largest economy globally) — has now committed roughly 0.00037% of its $2.7B annual budget to build a state-backed Bitcoin reserve.
⏱️ Perfect Timing:
The Abbott administration made its move right after a major market correction, stepping in when sentiment was at extreme fear — classic accumulation strategy.
🏛️ National Trend:
36 U.S. states currently have active pro-crypto legislative initiatives
Texas is the first to actually execute purchases
Florida, which previously rejected Bitcoin bills twice, is now expected to revisit the issue in 2026