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Texas Becomes First State to Invest in Bitcoin Reserve

12/8/2025

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Summary

Story summary

Texas has begun a $5 million cryptocurrency reserve by purchasing Bitcoin, becoming the first state to do so.
The Texas Comptroller’s Office confirmed the investment as part of a broader $10 million appropriation.
Lee Bratcher of the Texas Blockchain Council called the move strategic.
State Sen. Molly Cook and other critics argue the plan risks taxpayer funds due to Bitcoin volatility and energy use, urging focus on long-term benefits.

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Story summary

Texas has begun a $5 million cryptocurrency reserve by purchasing Bitcoin, becoming the first state to do so.
The Texas Comptroller’s Office confirmed the investment as part of a broader $10 million appropriation.
Lee Bratcher of the Texas Blockchain Council called the move strategic.
State Sen. Molly Cook and other critics argue the plan risks taxpayer funds due to Bitcoin volatility and energy use, urging focus on long-term benefits.