The state legislation sets aside $10 million for Bitcoin accumulation.
\nTexas is preparing a formal tender to choose a custodian for the reserve.
\nNew Hampshire authorised a Bitcoin reserve and approved a $100 million Bitcoin bond.<\/p>\n
Texas is moving ahead with one of the most ambitious state-level crypto strategies in the country as it begins shaping the framework for a government Bitcoin reserve.<\/p>\n
The state has now taken its first formal step by acquiring $5 million in shares of BlackRock\u2019s iShares Bitcoin Trust.<\/p>\n
The purchase is part of a wider plan triggered by legislation passed earlier this year, which allocated $10 million for future Bitcoin accumulation.<\/p>\n
The early activity positions Texas to become the first US state to hold a dedicated cryptocurrency reserve, giving it a lead in a growing competition among states exploring digital asset policies.<\/p>\n
The state has been gathering information from the cryptocurrency industry to help design how its reserve will operate.<\/p>\n
The review began after Texas issued a request for information in September seeking guidance on best practices for storage, security, and management.<\/p>\n
Industry groups sent detailed submissions<\/a> covering custody models, investment structures, governance frameworks, and security systems.<\/p>\n The process is part of a wider effort to ensure the reserve can be managed with clear procedures once it transitions from planning to execution.<\/p>\n Texas officials are expected to follow this phase with a formal request for proposal.<\/p>\n The tender will be used to select a custodian and determine the final operational rules for the programme.<\/p>\n The recent $5 million allocation acts as a temporary measure rather than direct Bitcoin ownership while the state completes its selection process, according to a CoinDesk report.<\/p>\n Other states have also gained exposure to Bitcoin, though through different channels.<\/p>\n Michigan and Wisconsin accessed cryptocurrency markets through public-employee retirement funds.<\/p>\n Wisconsin sold a $350 million allocation in May, according to public records.<\/p>\n These moves reflect growing institutional interest at the state level, even in cases where governments have not yet adopted dedicated reserves.<\/p>\n Several states are actively studying the idea of holding Bitcoin for strategic purposes.<\/p>\n New Hampshire has authorised the creation of a government Bitcoin reserve, although it has not yet made any purchases.<\/p>\n Last week, the New Hampshire Business Finance Authority approved a $100 million Bitcoin bond designed to support an economic development fund backed by cryptocurrency.<\/p>\n The structure relies on private sector activity rather than direct state accumulation.<\/p>\n Arizona is also taking steps toward a government-level reserve.<\/p>\n Its legislation directs unclaimed cryptocurrency assets held by the state into a dedicated reserve.<\/p>\n The plan creates an initial legal foundation that could support future accumulation, although the full reserve framework is still in development.<\/p>\n These early efforts reflect a rising interest among states in integrating digital assets into long-term financial planning.<\/p>\n The state-level activity is unfolding alongside federal discussions.<\/p>\n President Donald Trump has publicly supported the idea of a national Bitcoin investment strategy.<\/p>\n The administration has issued an executive order directing officials to begin planning for a federal reserve structure.<\/p>\n Government teams working on the project are now waiting for congressional approval before advancing to the next stage.<\/p>\n Texas remains the most advanced of the state-level initiatives due to its legislative backing and its first confirmed investment.<\/p>\n The move signals a shift from exploratory interest to practical implementation, with a structured plan for selecting custodians and defining reserve operations.<\/p>\n The next steps will determine how the state transitions from temporary allocations to direct Bitcoin ownership once contracts and governance systems are finalised.<\/p>\n The post Texas buys $5mn BTC ETF, pushes for Bitcoin reserve plan<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The state legislation sets aside $10 million for Bitcoin accumulation. Texas is preparing a formal tender to choose a custodian for the reserve. New Hampshire authorised a Bitcoin reserve and approved a $100 million Bitcoin bond. Texas is moving ahead with one of the most ambitious state-level crypto strategies in the country as it begins […]<\/p>\n","protected":false},"author":0,"featured_media":5604,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-5603","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5603"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5604"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}States explore government crypto strategies<\/h2>\n
Early development continues nationwide<\/h2>\n
Texas sets the pace in state crypto adoption<\/h2>\n