Texas becomes first state in US to buy Bitcoin

[sokani]

Does this mean they bought Bitcoin or did they buy Bitcoin shares through the BlackRock IBIT ETF?

Bitcoin shares. But will switch to self-custody later in the future.

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.

Reports have disclosed the officials chose the ETF route as a temporary measure while the state puts custody plans in place.

I hope so. When the other 49 states get word of the bold step Texas has taken, hopefully it would incite them to join the trend because it's  one thing to pass it into legislation like New Hampshire and Arizona has done and it's another to take the step like Texas. Baby steps but it's progress all the same. Texas has seen the light!

There are actually 14 states that have passed the bill to create a Bitcoin strategic reserve, according to this report. It's just a matter of time. I believe others will follow suit now that Texas has taken the bold step.

[Agathamay]

I didn’t think the news will finds its way here but since it did, I would say that, the market didn’t respond to this news because the purchase wasn’t bitcoin directly but rather its ETF since they are still trying to figure their way round the self custody and I believe the market will or might respond if they finally switch to bitcoin itself.

[SquallLeonhart]

The OP clearly states that it is the latter, with a note that there is a possibility that it will change in the future. At this point, it's completely irrelevant, because 100+ BTC is literally a drop in the ocean - and whoever was targeting the dip could have done much better and saved some money if they had bought just a few days earlier.

Maybe they saw the trend being reversed and thought this might be a good opportunity to buy bitcoins if in case there is no further drop. We saw a lot of institutions waiting for the dip so they can start buying and this purchase can mean that the trend has now reversed and other institutions might too start buying.

Yes, 100+ bitcoins is nothing but this can be a start of good things. I am sure few other states as well might follow here and if the states start buying, the citizens will only be motivated enough to start buying again. I think we might not go below $80k anymore so this might be a good chance to buy bitcoins. We can see the markets rushing towards $100k again which will continue in the following year.

[lixer]

That's a really great news and a good move from Texas. I am sure other states will follow this as they do not want to miss the benefits. Trump has shown great interest when it comes to bitcoins and this will only motivate other states to start thinking about investing in bitcoins. This can be a good news for long term holders as we know how badly these fundamentals can affect the markets.

I am sure after seeing Texas make their first purchase, this might have motivated a lot of individual investors as well to start thinking about buying bitcoins again. This might be one of the bullish news after we saw a downturn and any more similar news can reverse the trend so I am hoping the markets to turn positive soon.

[Webutxo]

I didn’t think the news will finds its way here but since it did, I would say that, the market didn’t respond to this news because the purchase wasn’t bitcoin directly but rather its ETF since they are still trying to figure their way round the self custody and I believe the market will or might respond if they finally switch to bitcoin itself.

We have a country buying Bitcoin for years now and has been doing that, they recently bought some Bitcoin, I think about $100m worth of Bitcoin is what El Salvador bought and then here is Texas joining the party, you can see that it's not a big deal to the market again. I think it also has to do with the fact that the market was bleeding, you can't expect this kind of news to revve the market when billions are all at stake that time.

The state should be doing DCA like other institutions are doing, this is going to..encourage other investors and institutional investors maintain their stand about Bitcoin, the more we have this kind of people in Bitcoin, the better it becomes and less seller of things.

[Lucius]

~snip~
Yes, 100+ bitcoins is nothing but this can be a start of good things. I am sure few other states as well might follow here and if the states start buying, the citizens will only be motivated enough to start buying again. I think we might not go below $80k anymore so this might be a good chance to buy bitcoins. We can see the markets rushing towards $100k again which will continue in the following year.

Those people who are waiting for countries or companies to start investing in Bitcoin as a sign that they should do the same are the ones who will benefit the least. They will never be able to compete with the powerful of all kinds who will profit from them - not the other way around. Those who understood what Bitcoin was 10+ years ago are the ones who can be sure today that they have outsmarted those who are otherwise always at least two steps ahead of mere mortals.

As for the price, I think the chances are equal to fall towards $80k or reach $100k.

[r_victory]

Even though $10 million isn't a lot of money for some, it's a start. Despite the success Bitcoin has had in recent years, there is still some resistance from governments and investors. I believe that will change over time as more and more "institutions" join this movement.

[criptoevangelista]

Perfect strategy by Texas, buying the dips. For newcomers in the market, it seems so difficult to do exactly that, buy when it drops. Moments of panic and chaos are where the best opportunities are.

Although they bought very little, around ten million dollars, which is small for a state of the world’s biggest power, at least they are in the game. Now it is a matter of waiting for more purchases and pumping the bitcoin price as much as they can, bringing the hype so the small investors can push another exponential rally hahahaha.

[eightdots]

Perfect strategy by Texas, buying the dips. For newcomers in the market, it seems so difficult to do exactly that, buy when it drops. Moments of panic and chaos are where the best opportunities are.

Although they bought very little, around ten million dollars, which is small for a state of the world’s biggest power, at least they are in the game. Now it is a matter of waiting for more purchases and pumping the bitcoin price as much as they can, bringing the hype so the small investors can push another exponential rally hahahaha.

It's a good thing that states, institutions, companies, and individuals are starting to buy Bitcoin. It's a logical move for those with long-term investment intentions to buy Bitcoin whenever the price drops or during bear seasons. Buying Bitcoin at its peak is risky, but buying during declines and bear seasons is less risky. Bitcoin doesn't yield significant short-term profits, but it has always been profitable in the long run. The key is the economy's resilience to long-term holding.

The best time for new entrants to buy is during price declines, and Texas has capitalized on this. Because we don't know if the price will last, this investment carries risks. Buying when the price is very low and waiting is always the best strategy.

[Coyster]

Even though $10 million isn't a lot of money for some, it's a start. Despite the success Bitcoin has had in recent years, there is still some resistance from governments and investors. I believe that will change over time as more and more "institutions" join this movement.

And the resistance is very normal. Bitcoin is decentralized, so it is understandable if centralized governments and institutions have their reservations about it. Most importantly, we do not need all countries to adopt bitcoin, i doubt that would happen. It is great that some have already adopted bitcoin and more will in the future, but i don't think that is the pinnacle of bitcoins success as some people believe it to be.

[m2017]

While some are panicking and selling off their bitcoin, others, more far-sighted, are buying up this asset at the lower price points - classic weak and strong hands.

I wonder if this kind of positive information for bitcoin is being publicized in the media (on television and in print)? Or is it being deliberately hushed up, as if someone, with an "invisible" hand, continues to sow panic to destabilize the cryptomarket?

Texas's purchase almost 115BTC is not an indication that the market will reverse and go up, as these investments will ultimately prove profitable for them over the long term.

[avp2306]

While some are panicking and selling off their bitcoin, others, more far-sighted, are buying up this asset at the lower price points - classic weak and strong hands.

I wonder if this kind of positive information for bitcoin is being publicized in the media (on television and in print)? Or is it being deliberately hushed up, as if someone, with an "invisible" hand, continues to sow panic to destabilize the cryptomarket?

Texas's purchase almost 115BTC is not an indication that the market will reverse and go up, as these investments will ultimately prove profitable for them over the long term.

Classic effect of some people didn't think carefully on the action they have done. What usually those weak hands feels is they need to sell to minimize their losses. But the mere fact is they are doing more crazy action especially that there's no chance for them to recover once they already sold their Bitcoin at loss.

But I really think that good action done by Texas can bring some positive result on the market. It can provably lessen up the pressure and people might think about more good news provably would came out.

That purchase is great sentiment shifter and provably that the action they do can influence other institution to start buying Bitcoin while there's good there's good opportunity to do it. This investment would really be profitable for them in long run knowing Bitcoin still had great potential became more bigger asset in future.

[Haunebu]

Looks like this positive news definitely had an impact on BTC price since it is rebounding pretty well and is moving towards the 95 grand range which is epic especially after it was heading towards the $70K range earlier.

Hope more US states follow suite and keep buying more and more BTC which would cause an epic ripple effect in a positive direction.

[bitgolden]

Considering it's just 10 million dollars, the meaning of this is great but the act itself is literally nothing. I am pretty sure there are people who bought more than ten million dollars worth at the same day, people, not states, think of how small 10 million is at that scale, Texas can afford to do a lot more if they wanted to, this is just a taste.

Of course it's still good, because the news itself is the important one, 10 million or 10 thousand or 10 billion none of them matters, well 10 billion would have mattered lol, but 10 million isn't the point, the point is that a state bought bitcoin as a strategic reserve and that means a lot in value more than what they have used to buy, just news alone would have probably made people buy that much more.

[Betwrong]

Doubt this very much.

Only 3 states can do it legally.

The other states would be doing a crime.

Look if states wanted to they could pass laws and buy it. They obviously do not trust the asset.

Give Texas credit and hope New Hampshire buys a few coins next.

This can't be true because the state government is mandated by the law to publish its financial reports. This entails that they cannot buy Bitcoin secretly. Bitcoin reserve bills have been getting setbacks because they are not getting majority support from state legislators. Texas has is now setting the pace, maybe other might take the bold step.

What can't be true exactly? No one said they want to buy Bitcoin secretly. Of course, if New Hampshire(or whatever) decides to buy BTC, they will have the laws in place. Maybe buying Bitcoin us a "bold step" like you said, but imagine all states will follow Texas, what happens then? Right, the price will rise.  I know it sounds a bit like the "Pyramid Scheme", but it's not because Bitcoin will not collapse, as is usually the case with pyramid schemes.

[rdluffy]

Looks like this positive news definitely had an impact on BTC price since it is rebounding pretty well and is moving towards the 95 grand range which is epic especially after it was heading towards the $70K range earlier.

Hope more US states follow suite and keep buying more and more BTC which would cause an epic ripple effect in a positive direction.

I have my doubts as to whether this news positively affected the price

Currently, the price seems to be much more linked to the American economy, with the FED, interest rate cuts, and Trump's monetary and tariff policies, than to news of states or countries legalizing, buying, or saying something good about Bitcoin

It seems that at this moment everything is connected to what I mentioned above
A few years ago, news like this would certainly have had a greater impact on the price