Texas Becomes First U.S. State to Purchase $5 Million in Bitcoin for Strategic Reserve
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 27 2025- Bitcoin Price Surge: In October 2025, Bitcoin reached $126,000, primarily driven by institutional capital flowing into the market through spot ETFs, validating Bitcoin's status as a macro asset and attracting traditional finance's attention.
- State Purchase of Bitcoin: Texas became the first U.S. state to allocate $5 million in Bitcoin for its strategic reserve, marking a significant recognition of Bitcoin as a sovereign reserve asset and prompting similar actions from states like Pennsylvania and Ohio.
- Derivatives Market Collapse: On October 10, 2025, the derivatives market collapsed due to leverage saturation, resulting in billions in long positions vanishing within hours, demonstrating the dominant role of derivatives in price volatility and forcing market participants to recalibrate risk.
- North Korean Hacking: In 2025, North Korea stole over $2 billion in cryptocurrency through hacking, including a $1.5 billion theft from Bybit, prompting exchanges worldwide to rebuild security infrastructure and highlighting operational security issues in crypto.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
