Texas becomes the first state to buy bitcoin as more states eye cryptocurrencies

By: Kevin Hardy

Outlets: Stateline

Published: December 4, 2025

Words: 547

Last Updated: 2 weeks, 1 day ago

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Texas recently became the first state to make a major investment in cryptocurrency with the purchase of about $5 million worth of bitcoin.

The state comptroller’s office, which manages financial transactions and long-term investments, confirmed the transaction to The Dallas Morning News. The purchase followed bipartisan legislation that passed this year creating a state cryptocurrency investment fund.

Similar legislation has been approved in several red and blue states, according to

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