Texas officially formalizes its cryptocurrency reserve
This state became the first state in the U.S. to materialize the purchase of Bitcoin for strategic reserve purposes.
• Invested USD 5 million in Bitcoin using a spot ETF as the first official step.
• The operation was reported by the Texas Blockchain Council through its president.
• This purchase comes after the legal approval of its state crypto reserve initiative, allowing the state government to incorporate crypto assets as part of its official assets.
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🔎 What it means
• This step marks a historical precedent in the U.S.: a state government adopting Bitcoin as an official reserve — something unprecedented.
• By using a spot ETF as an entry, Texas aims to comply with regulations and ensure liquidity before transitioning to direct self-custody.
• For state authorities, Bitcoin represents a modern digital reserve, with advantages of portability, traceability, and resilience — similar to gold, but adapted to the digital age.
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🔮 Implications for the crypto ecosystem
• This action reinforces the institutional legitimacy of cryptocurrencies in the United States. It could open the door for more states or even public entities to adopt similar strategies.
• The use of an ETF as an initial instrument can serve as a regulated and secure model for those considering incorporating crypto assets into official reserves or public budgets.
• If other jurisdictions follow this example, we could see a new phase of massive institutional adoption, changing both the perception and use of Bitcoin at the state and global levels.
