First-Ever State Bitcoin Purchase Puts Texas in the Spotlight

Texas has made a significant move by purchasing $5 million in a Bitcoin exchange-traded fund (BTC ETF), marking the state's initial step towards establishing a government-backed cryptocurrency reserve. This action positions Texas as a pioneer in the U.S. government's exploration of crypto assets.

Texas has made history by becoming the first U.S. state to invest $10 million in Bitcoin, executed through BlackRock's spot Bitcoin exchange-traded fund on November 25, 2025. This strategic move marks a significant shift in the state's treasury strategy, incorporating cryptocurrencies into public funds.

Texas has made history by becoming the first U.S. state to purchase $5 million worth of BlackRock's Spot Bitcoin ETF, a significant move announced by the Texas Blockchain Council on November 20. This investment marks Texas's entry into the cryptocurrency market, positioning it as a leader in state-level digital asset initiatives.

Texas has made history by becoming the first U.S. state to invest $10 million in Bitcoin for its treasury reserve, utilizing BlackRock's Spot Bitcoin ETF. This strategic move was executed on November 25, 2025, marking a significant step in the state's engagement with cryptocurrency.

Bitcoin exchange-traded funds (ETFs), particularly BlackRock's iShares Bitcoin Trust (IBIT), have seen a record trading volume of $40 billion, indicating a significant shift as institutional investors engage more actively in the cryptocurrency market.

Hellotrade has successfully closed a $4.6 million seed funding round led by Dragonfly Capital to develop a blockchain trading application. This funding is aimed at enhancing the company's technological capabilities and expanding its market presence in the cryptocurrency sector.