Bitcoin Updates: Texas Adds Digital Gold to State Reserves, Leading the Way in Crypto Protection

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Bitcoin Updates: Texas Adds Digital Gold to State Reserves, Leading the Way in Crypto Protection

Bitget-RWA2025/11/26 03:56

By:Bitget-RWA

- Texas becomes first U.S. state to allocate $5M in public funds to Bitcoin via BlackRock's IBIT ETF, purchasing at $87,000 per BTC. - The temporary investment aims to diversify state reserves and hedge inflation, with plans for direct self-custody pending 2026 RFP. - Governor Abbott's June 2025 legislation established a $10M Strategic Bitcoin Reserve, positioning Texas as a crypto policy leader alongside gold and Treasuries. - While boosting ETF inflows and attracting institutional interest, critics warn

Texas Commits $5 Million to

Bitcoin

via

BlackRock

ETF, Setting a Precedent for State Crypto Reserves

Texas has made history as the first state in the U.S. to dedicate public funds to a Bitcoin reserve,

acquiring $5 million in Bitcoin

through BlackRock’s

iShares Bitcoin Trust

(IBIT) on November 20, 2025, as reported by Lee Bratcher, president of the Texas Blockchain Council. This purchase, at an average rate of $87,000 per Bitcoin,

represents a major milestone

in Texas’s efforts to diversify its financial reserves and protect against inflation.

The transaction was completed using

IBIT

, a regulated ETF, while the state finalizes its plans for direct management of its Bitcoin assets.

Governor Greg Abbott enacted legislation

in June 2025, allocating $10 million to establish the Texas Strategic Bitcoin Reserve—an initiative that puts Texas at the forefront of state-level crypto policy. The comptroller’s office clarified that the IBIT investment is a temporary measure until a custodian is selected,

with a formal RFP anticipated in early 2026

Bitcoin Updates: Texas Adds Digital Gold to State Reserves, Leading the Way in Crypto Protection image 0

This move is consistent with Texas’s supportive approach to cryptocurrency, which includes incentives for blockchain development and a regulatory environment aimed at attracting digital asset companies.

The state’s permanent school fund

now includes Bitcoin alongside gold and U.S. Treasuries, seeking to benefit from Bitcoin’s potential as a long-term asset.

Bratcher pointed out that the timing of the purchase

was intended to take advantage of a market downturn, with Bitcoin trading 30% below its record high of over $120,000.

As more institutions embrace Bitcoin,

Texas’s decision has ignited discussion

regarding its short-term price outlook. According to CryptoQuant analysts, while both small and large whale investors (100–1,000 BTC and over 10,000 BTC) are accumulating, mid-tier holders (1,000–10,000 BTC) are still net sellers, which may postpone a full recovery above $92,000.

Nevertheless, Texas’s investment

has led to a 2% increase in Bitcoin ETF inflows since the announcement.

Texas is not the only state pursuing crypto initiatives.

New Hampshire has recently authorized $100 million

in municipal bonds backed by Bitcoin, while Arizona and Michigan are considering similar plans.

Harvard University’s endowment

has tripled its IBIT holdings to $442.8 million, signaling growing institutional trust in regulated Bitcoin products. Still, Texas stands out by directly using taxpayer funds to build a reserve, distinguishing itself as a pioneer in public crypto adoption

as noted by analysts

Some critics warn that Bitcoin’s price swings could pose challenges for long-term budgeting. Supporters, however, believe that Texas’s diversified investments and cold storage requirements help reduce these risks.

The Texas Blockchain Council

, a group promoting blockchain progress, has helped make Texas a leader in digital asset policy, taking advantage of its regulatory flexibility and energy resources.

With $5 million still available in its budget, Texas intends to further grow its Bitcoin reserve over the next few years. The state’s experience—whether successful or not—may influence other governments considering digital asset investments, potentially changing how public institutions approach cryptocurrencies. As Bratcher remarked, “Texas is demonstrating that Bitcoin can be integrated with traditional reserves, providing a new option for economic stability in uncertain times”

according to market analysis

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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