Texas has made a significant move by allocating $10 million to establish a Strategic Bitcoin Reserve. This initiative, authorized by Senate Bill 21, involved purchasing $5 million through BlackRock’s IBIT ETF on November 20, 2025, signifying growing institutional interest in the cryptocurrency. The State plans to transition its holdings to self-custody in the future. This investment underscores Bitcoin’s role in state financial systems, potentially influencing market stability and shaping future institutional investment strategies as Bitcoin continues to be challenged around $78,000. 5 million was acquired via BlackRock’s IBIT ETF, with the remaining funds yet to be allocated. Texas Comptroller’s Office will handle purchasing and custody logistics moving forward. The decision aims to bolster financial resilience by including a non-correlated asset like Bitcoin. This marks a significant step towards state-level crypto investment, potentially setting a precedent for other states. The initiative reflects growing political and financial acceptance of Bitcoin and its role in institutional strategies. As the State moves toward full self-custody, this initial allocation was made with BlackRock’s IBIT ETF. Texas leads U.S. states in Bitcoin acquisition, following similar legislation in Arizona and New Hampshire. The action has generated positive market sentiment, anticipating increased liquidity and potentially strengthening Bitcoin prices. This initiative reinforces Bitcoin’s position as an asset for institutional investors.