Texas has made history as the first U.S. state government to purchase Bitcoin, acquiring $10 million worth on November 20 at a cost of approximately $87,000. This initial investment was executed through BlackRock's IBIT ETF. The Texas Blockchain Council Chairman, Lee Bratcher, confirmed the purchase, highlighting the state's pioneering move into cryptocurrency. The Texas Treasury Department plans to self-custody the Bitcoin in the future, pending the completion of a Request for Proposal (RFP) process. This strategic move underscores Texas's commitment to integrating digital assets into its financial operations.