Texas has taken another step towards solidifying its status as a pro-Bitcoin state — for the first time in U.S. history, local authorities officially invested funds in the first cryptocurrency $BTC .
President of the Texas Blockchain Council Lee Bratcher announced that the state made the first purchase of Bitcoin in the country for $10 million, acquiring the asset on November 20, 2025, at a price of around $87,000.
He explained that Texas plans for "possible self-storage of Bitcoins," but while the RFP process [public competition for selecting a company to provide technical infrastructure for storing the asset] is ongoing, the initial allocation was made through the BlackRock IBIT ETF.
The investment was a logical continuation of more than a year and a half of the state's legislative work on creating its own strategic Bitcoin reserve.
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