{"id":520221,"date":"2025-11-26T08:32:43","date_gmt":"2025-11-26T08:32:43","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1232284"},"modified":"2025-11-26T08:32:43","modified_gmt":"2025-11-26T08:32:43","slug":"texas-buys-10m-in-bitcoin-at-87k-price-point-marking-first-ever-state-level-btc-reserve","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/26\/texas-buys-10m-in-bitcoin-at-87k-price-point-marking-first-ever-state-level-btc-reserve\/","title":{"rendered":"Texas Buys $10M in Bitcoin at $87K Price Point, Marking First-Ever State-Level BTC Reserve"},"content":{"rendered":"<div class=\"eth-editorial-banner\"> <img decoding=\"async\" class=\"eth-editorial-logo\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/cnf2-scaled-1-1-1.png\" alt=\"Crypto News Flash\"> <span class=\"eth-editorial-text\">All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.<\/span> <\/div>\n<ul>\n<li data-start=\"3\" data-end=\"116\"><strong>Texas becomes the first U.S. state to hold Bitcoin in a treasury reserve with a $10M purchase at $87K per coin.<\/strong><\/li>\n<li data-start=\"120\" data-end=\"240\"><strong>Bought during a BTC sell-off, helped stabilize prices and signals growing institutional influence on the market.<\/strong><\/li>\n<\/ul>\n<hr>\n<p data-start=\"140\" data-end=\"484\">The Texas Comptroller of Public Accounts confirmed that the state has purchased $10 million worth of Bitcoin as the initial allocation for its newly created Strategic Bitcoin Reserve.&nbsp;On his personal X account, Lee Bratcher, President of the Texas Blockchain Council, announced this historic development as the first U.S. state to allocate public funds for Bitcoin. He specifically thanked Kelly Hancock, <a href=\"https:\/\/x.com\/lee_bratcher\/status\/1993374557617479942\" target=\"_blank\" rel=\"nofollow noopener\">stating<\/a>:<\/p>\n<blockquote data-start=\"715\" data-end=\"978\">\n<p data-start=\"717\" data-end=\"978\">\u201cTexas becomes the FIRST state to purchase Bitcoin with a $10M investment on Nov. 20th at an approximately $87k basis! Congratulations to Comptroller Kelly Hancock and the dedicated investments team at Texas Treasury who have been watching this market closely.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"980\" data-end=\"1290\">Previously, Kelly Hancock implied that the funds were drawn from general revenue balances and did not affect budgeted appropriations for public services. As we previously <a href=\"https:\/\/www.crypto-news-flash.com\/texas-bitcoin-reserve-bill-nears-final-approval-a-crypto-first-for-u-s-states\/\" target=\"_blank\" rel=\"nofollow noopener\">predicted<\/a> during its news approval, finally, this marks the first-ever state-level BTC reserve, as Texas becomes the first U.S. state to formally allocate public funds to hold Bitcoin.<\/p>\n<h3 data-start=\"1476\" data-end=\"1535\"><strong data-start=\"1479\" data-end=\"1535\">Price Implications on BTC Amid Texas\u2019s $10M Purchase<\/strong><\/h3>\n<p data-start=\"1938\" data-end=\"2288\">As <a href=\"https:\/\/www.crypto-news-flash.com\/bitcoin-breaks-uptober-tradition-with-5-drop-after-a-record-liquidations\/\" target=\"_blank\" rel=\"nofollow noopener\">noted<\/a> recently, Bitcoin fell from its usual \u201cUptober\u201d pattern, driven mainly by speculative trading rather than long-term holders.&nbsp;As of now, Bitcoin is trading at <strong>$87,197.29<\/strong>, reflecting a<span><strong> 1.34%<\/strong><\/span> decrease in the past day and<span><strong> 4.6%<\/strong><\/span> in the past week.<\/p>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders. Texas becomes the first U.S. state to hold Bitcoin in a treasury reserve with a $10M purchase at $87K per coin. Bought during a BTC sell-off, helped stabilize prices and signals growing institutional influence on the market. The Texas Comptroller [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":520222,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10],"tags":[31,118,22833,172,25,2032],"class_list":{"0":"post-520221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-other","9":"tag-bitcoin","10":"tag-btc","11":"tag-btc-reserve","12":"tag-crypto","13":"tag-news","14":"tag-texas"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/520221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=520221"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/520221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/520222"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=520221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=520221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=520221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}