Texas Drops $10 Million On Bitcoin, Officially Buying The Dip First
Texas has moved public money into Bitcoin exposure, buying $5 million worth of shares in a regulated Bitcoin exchange-traded fund.
According to reports, the state’s purchase was made on November 20, 2025, and it used the BlackRock iShares Bitcoin Trust (IBIT) to gain price exposure without immediately holding the cryptocurrency itself.
The state set aside a total allocation of $10 million for its new Strategic Bitcoin Reserve. Lee Bratcher, who leads the Texas Blockchain Council, confirmed the state’s crypto purchase on X.
Texas buying the Bitcoin dip through BlackRock's IBIT? Smart move for a strategic reserve – states jumping into crypto is a game-changer 🚀
I would say that most states will be involved in Bitcoin at some point.
Yeah, it's inevitable – Bitcoin's too big to ignore for states looking to diversify. Next up, expect more jumping in 🚀