The crypto market has been ugly for weeks, but one of the most bullish events of 2025 just slipped through the noise.
The U.S. state of Texas has officially committed $10 million to Bitcoin — half through BlackRock’s IBIT spot ETF and the other half in direct, self-custodied Bitcoin held in cold storage with Texas’ own private keys. This is no longer a company or a pension fund dipping its toes. This is a sovereign U.S. state treating Bitcoin like a long-term strategic reserve.
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What Actually Happened?
On November 20, Texas quietly purchased $5 million worth of shares in BlackRock’s IBIT ETF.
That alone would have made headlines a year ago But the real game-changer is the second half: another $5 million will soon go straight into real Bitcoin that Texas will custody itself. No wrappers, no intermediaries, just pure BTC.
From Skepticism To Ownership In Record Time
Five years ago, Texas regulators were still deciding whether crypto exchanges should even be allowed to operate inside the state.
Today, the state treasury is buying the asset outright. Few technologies in history have moved from “controversial” to “government treasury holding” this fast.
Why Self-Custody Is The True Headline
Buying an ETF is easy. Choosing cold-storage Bitcoin is deliberate.
Texas law only permits direct ownership once Bitcoin’s market cap has stayed above $500 billion for a sustained period — a level we’ve been well above for months. ETFs don’t qualify under the rule.
By going the self-custody route, Texas is sending an unmistakable message: they want full control, zero counterparty risk, and no management fees forever.
Hyperbitcoinization Is Already Underway
Wisconsin disclosed over $160 million in Bitcoin ETFs earlier this year.
Texas just raised the bar by acquiring the actual coins.
When state budgets run into tens or hundreds of billions, even a modest allocation becomes massive buying pressure — and more states are watching closely.
What This Means for the Rest of Us
Old arguments are dying fast: “Bitcoin isn’t real money,” “institutions will never touch the real thing,” “governments will always resist.”
Texas just buried all three in one move. Sovereign-level players are now competing for the same asset you can still buy at ~$87K.
Get In Alongside Texas
Texas didn’t just add Bitcoin exposure.They proved the future isn’t coming — it’s already here. They bought at current levels. You still can, too — or multiply exposure with leverage on the same asset they just endorsed.
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