Texas has officially entered the cryptocurrency market, purchasing $5 million worth of Bitcoin on November 20, 2025. This strategic investment, announced by Lee Bratcher, President of the Texas Blockchain Council, marks the state as the first to acquire Bitcoin as a hedge against inflation. Notably, half of the state's allocated budget for this initiative was directed towards BlackRock's iShares Bitcoin Trust (IBIT), with the purchase occurring at an average price of $87,000.