Texas Becomes the First State in the U.S. to Include Bitcoin in Its Treasury Holdings

Texas Makes History: Texas has become the first U.S. state to purchase Bitcoin for its official treasury, investing $10 million into a Strategic Bitcoin Reserve on November 20, 2025, at an average price of $87,000 per Bitcoin.

Legislative Support: The initiative is backed by legislation aimed at diversifying state assets and enhancing Texas' position as a leader in digital innovation, with plans for future self-custody of the Bitcoin assets.

Mixed Reactions: While supporters view the move as a significant step for institutional acceptance of Bitcoin, critics express concerns over the volatility of the asset and the use of taxpayer funds in such investments.

Potential for Broader Adoption: Texas' decision may inspire other states, like Arizona and New Hampshire, to explore similar legislation for Bitcoin reserves, potentially changing the landscape of state treasuries regarding digital assets.