Texas has become the first U.S. state to formally adopt Bitcoin as a strategic reserve asset, beginning with a $5 million purchase of BlackRock’s spot Bitcoin ETF. The state plans a second $5 million allocation for direct Bitcoin acquisition once custody protocols are finalized under its new reserve law. This move creates a blueprint for other states considering cryptocurrency reserves.
about Texas Pioneers State Bitcoin Reserve with $10M StrategyTexas Blockchain Council
0 in Finance and 0 in Crypto last weekTexas Invests $10M in Bitcoin via BlackRock ETF
Texas has become the first U.S. state to allocate public funds to Bitcoin exposure, purchasing $5 million in BlackRock’s iShares Bitcoin Trust. The strategic move represents half of a $10 million allocation approved under recent state legislation, signaling growing institutional acceptance of cryptocurrency as a reserve asset while maintaining regulatory safeguards through ETF exposure as an interim step toward direct custody.
about Texas Invests $10M in Bitcoin via BlackRock ETFTexas Invests $10M in Bitcoin via BlackRock ETF & Self-Custody
Texas has positioned itself at the forefront of state-level cryptocurrency adoption with a landmark $10 million Bitcoin allocation, splitting the investment between BlackRock’s spot Bitcoin ETF and direct self-custodied holdings. The strategic move, executed through an initial $5 million purchase of BlackRock’s IBIT shares on November 20, represents one of the most significant government-led Bitcoin investments in the United States and signals growing institutional acceptance of digital assets at the state level.
about Texas Invests $10M in Bitcoin via BlackRock ETF & Self-CustodyBitcoin Mining Stocks Outperform BTC’s Record $126K High
While Bitcoin shattered records by reaching $126,080 per coin on Monday, publicly traded mining companies experienced even more explosive gains, with stocks like HIVE Digital surging 25% as investors recognize their unique value proposition beyond simple Bitcoin exposure. This dramatic outperformance reflects growing concerns about currency debasement worldwide and miners’ evolving role as owners of critical infrastructure assets with multiple revenue streams, from AI computing partnerships to valuable power contracts.
about Bitcoin Mining Stocks Outperform BTC's Record $126K HighTexas Launches $10M Public Bitcoin Reserve
Texas has become the first U.S. state to create a publicly funded Bitcoin reserve, with Governor Greg Abbott signing Senate Bill 21 into law. The legislation allocates $10 million from the state treasury to purchase BTC, marking a significant step in institutional cryptocurrency adoption. The bill passed with strong bipartisan support (101-42 in the House, 25-5 in the Senate), reflecting Texas’s commitment to digital assets as part of its long-term financial strategy. While other states like Arizona and New Hampshire have passed similar legislation, Texas is the first to actively fund its reserve. The move comes as governments and corporations worldwide rush to build BTC reserves amid concerns about fiat currency stability and rising national debt.
about Texas Launches $10M Public Bitcoin ReserveSenate Votes to Repeal IRS Rule on Decentralized Finance Regulation
The U.S. Senate passed a bipartisan resolution to deregulate IRS oversight of the decentralized finance (DeFi) sector, with a 70-27 vote led by Senator Ted Cruz. The IRS rule, which aimed to classify DeFi trading services as “brokers” and impose compliance requirements, faced criticism for threatening the decentralized nature of the industry.Supporters of the repeal, including the Blockchain Association and Coinbase, view this as a significant step toward fostering innovation in blockchain finance. The resolution now awaits approval from the House of Representatives and the President to solidify DeFi’s legal standing in the U.S.
about Senate Votes to Repeal IRS Rule on Decentralized Finance RegulationBitcoin Mining Creates Over 31000 Jobs and Boosts US Economy
The Bitcoin mining industry in the U.S. has created over 31,000 jobs, primarily in 12 states, with Texas leading at over 12,200 jobs. Mining activities contribute more than $4.1 billion annually to the GDP and support local energy infrastructure, highlighting the sector’s growing importance amid national energy and technology priorities. President Trump emphasized the need for increased energy production to maintain U.S. dominance in mining and AI, advocating for fossil fuels and nuclear energy as key solutions.
about Bitcoin Mining Creates Over 31000 Jobs and Boosts US EconomyBitcoin Futures Show Cautious Optimism Amid Market Changes and Ethereum ETF Growth
Bitcoin perpetual futures funding rates remain neutral at 0.01%, indicating cautious optimism among traders, while over $140 million in crypto short liquidations highlight a reluctance to bet against Bitcoin. Ethereum ETFs saw record inflows exceeding $2 billion in December, with BlackRock’s ETHA leading the surge. Meanwhile, the IRS has delayed new crypto cost-basis reporting rules until January 2026, allowing brokers more time to adapt.
about Bitcoin Futures Show Cautious Optimism Amid Market Changes and Ethereum ETF GrowthBlockchain Groups File Lawsuit Against IRS Over New DeFi Regulations
Blockchain trade groups, including the Blockchain Association and DeFi Education Fund, have filed a lawsuit against the US IRS over new regulations requiring crypto brokers to report digital asset transactions, set to take effect in 2027. They argue the rules are unconstitutional, impose excessive compliance burdens on developers, and threaten innovation in the digital asset industry. The groups claim the IRS has overstepped its authority by expanding the definition of ‘broker’ to include DeFi trading platforms, potentially driving the technology offshore.
about Blockchain Groups File Lawsuit Against IRS Over New DeFi Regulations