Texas has become the first US state to purchase Bitcoin for its treasury, making a $10 million acquisition as part of a broader strategic initiative. The move comes during a market pullback that some view as a favorable entry point.
This decision positions Texas as an early leader in state-level digital ***** et adoption and may influence how other states approach cryptocurrency in the future.
State officials said Texas executed the transaction through BlackRock’s spot Bitcoin ETF as a regulated and practical entry point. The purchase was presented as a step toward integrating Bitcoin into l