₿ Texas Officially Allocates $10 Million to Buy Bitcoin – the first case in the U.S. of a legally authorized and fully funded BTC reserve
Texas has made history as the first U.S. state not only to pass a law creating a Bitcoin reserve — but to back it with real money. The state is allocating $10 million from its budget to purchase BTC, and the funding has already been approved.
This move is part of a law previously signed by Governor Greg Abbott. The law allows a portion of the state’s treasury reserves to be held in Bitcoin, and potentially other digital assets in the future.
While other states and cities across the U.S. are still experimenting with crypto — launching pilot projects, testing crypto tax payments, or just debating the idea of decentralized assets — Texas has taken a major step forward, reinforcing its status as one of the most crypto-friendly regions in the country.
?According to the bill’s authors, this is just the beginning: in the future, the share of Bitcoin in the treasury could increase, especially if the asset continues to rise in value.
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