Texas has become the first US state to use public funds to purchase Bitcoin, following the signing of Senate Bill 21 (SB21) by Governor Greg Abbott. The legislation establishes the Texas Strategic Bitcoin Reserve, marking a significant step in the state's financial strategy. This initiative underscores a growing confidence in Bitcoin as a financial asset and a hedge against inflation, setting Texas apart from other states like Arizona and New Hampshire, which have also created Bitcoin reserves but without public funding. The move is anticipated to boost Bitcoin demand, reflecting a broader trend of institutional investment in the cryptocurrency.