Texas has become the first state to officially invest public funds in a Bitcoin ETF, taking advantage of market dips. The move signifies a significant step forward in the adoption of Bitcoin by governments across the US. 5 million dollars was invested in BlackRock’s iShares Bitcoin Trust (IBIT) on November 20th, 2025, with plans to continue investing as the state expands its Bitcoin reserves. This decision is driven by a new law, the Texas Strategic Bitcoin Reserve Act, which allows the state to hold Bitcoin. However, it’s important to note that this is just the first step in the process, as the state intends to transition towards self-custodied Bitcoin later.