Bitcoin, 10 million dollars fires the first shot in the United States.
10 million dollars to buy Bitcoin. But this time the move is not made by some mysterious whale, but by the government of Texas. This is the first shot fired by a state-level reserve in the United States. With Governor Abbott's signing of Bill No. 21, Texas officially becomes the first state in the U.S. to not only legislate authorization but also actually allocate funds to establish an independent Bitcoin reserve. This 10 million dollars will be directly used to purchase Bitcoin. It will be deposited into a special vault independent of the main financial system. This means it is the first state to actually inject capital and, through accompanying legislation, prohibits this fund from flowing into regular fiscal revenue, ensuring its independence. But why does Texas dare to make this bold move? The answer is not on Wall Street, but on the land of Texas. Behind this is a powerful power nexus. Energy and crypto mining, Texas is the number one state in the U.S. by computing power, accounting for nearly 40% of the hash rate. These massive mining facilities are not just money printers; they are also superchargers for the Texas power grid. During low electricity demand, they consume surplus energy. During peak electricity demand, they instantly shut down, returning power to thousands of homes. When an industry can help you solve an energy crisis, it gains unparalleled political legitimacy. This is the true confidence of Texas.