{"id":64461,"date":"2025-12-11T05:47:09","date_gmt":"2025-12-11T05:47:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/texas-launches-first-state-bitcoin-reserve-in-america\/"},"modified":"2025-12-11T05:47:09","modified_gmt":"2025-12-11T05:47:09","slug":"texas-launches-first-state-bitcoin-reserve-in-america","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/texas-launches-first-state-bitcoin-reserve-in-america\/","title":{"rendered":"Texas Launches First State Bitcoin Reserve In America"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Texas has taken an unexpected leap into digital finance by becoming the first state in the US to buy Bitcoin for use as a strategic reserve. The move reflects a broader push inside the state toward building a modern treasury that mixes traditional assets with crypto.<\/p>\n<hr\/>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Texas approved a $10 million <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> allocation as part of a state reserve<\/strong><\/em><\/li>\n<li><em><strong>First purchase happened at a Bitcoin price of $91,336<\/strong><\/em><\/li>\n<li><em><strong>Other states have passed similar laws but have not bought BTC yet<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>The Associated Press reports that the initial Bitcoin purchase took place on November 20 at a price of $91,336 per coin. Acting Texas Comptroller Kelly Hancock said the plan is part of a legislative mandate aimed at strengthening financial stability.<\/p>\n<p>He said:<\/p>\n<p><em>\u201cThe Texas legislature passed a bold mandate to create the nation\u2019s first strategic Bitcoin reserve. Our goal for implementation is simple: build a secure reserve that strengthens the state\u2019s balance sheet. Texas is leading the way once again, and we\u2019re proud to do it.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>A calculated bet on long-term value<\/h2>\n<p>The mandate authorizes up to $10 million in Bitcoin purchases, still tiny compared to the state\u2019s $338 billion annual budget. Supporters view the allocation as a long-term strategic step rather than a short-term trade.<\/p>\n<p>Lee Bratcher, president of the Texas Blockchain Council, said volatility will not discourage the state.<\/p>\n<p>He said:<\/p>\n<p><em>\u201cIt\u2019s only a 16-year-old asset, so the volatility, both in the up and down direction, will smooth out over time. We still want it to retain some of those volatility characteristics because that\u2019s how we could see those upward moves that will benefit the state\u2019s finances in the future.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>States building their own crypto treasuries<\/h2>\n<p>Texas is not alone in exploring digital reserves. <a href=\"https:\/\/igaming.org\/crypto\/arizona-to-hold-unclaimed-crypto-instead-of-liquidating-under-new-state-law\/\">Arizona<\/a> and New Hampshire both passed laws to set up Bitcoin treasury funds, though neither state has acquired crypto yet. <a href=\"https:\/\/igaming.org\/crypto\/wisconsin-invests-100m-in-blackrock-bitcoin-etf\/\">Wisconsin<\/a> and <a href=\"https:\/\/igaming.org\/crypto\/michigan-moves-crypto-reserve-bill-to-second-reading\/\">Michigan<\/a>, meanwhile, made crypto purchases last year for pension investments rather than state reserves.<\/p>\n<p>Texas remains the only state so far to actually add Bitcoin to its balance sheet, positioning itself as a national test case for public-sector crypto holdings.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/texas-launches-first-state-bitcoin-reserve-in-america\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Texas has taken an unexpected leap into digital finance by becoming the first state in the US to buy Bitcoin for use as a strategic reserve. The move reflects a broader push inside the state toward building a modern treasury that mixes traditional assets with crypto. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":64462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64461"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=64461"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/64461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/64462"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=64461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=64461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=64461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}