Texas has become the first U.S. state to establish a strategic Bitcoin reserve, purchasing $5 million worth of BlackRock's IBIT ETF. Announced by Texas Blockchain Association Chair Lee Bratcher, this marks the first official state government Bitcoin investment in the U.S. The purchase, made on November 20, is part of a broader $10 million Bitcoin allocation plan. Texas plans to eventually hold Bitcoin directly, bypassing intermediaries like ETFs. Currently, only three states—Arizona, New Hampshire, and Texas—have enacted state-level Bitcoin reserve legislation, with others still in proposal or review stages. This move underscores Texas's commitment to integrating Bitcoin into its financial strategy, setting a precedent for other states considering similar actions.