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Texas Goes Full Bull: Governor Greenlights $10M Bitcoin State Reserve Purchase

Texas Goes Full Bull: Governor Greenlights $10M Bitcoin State Reserve Purchase

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-06-23 19:17:29
0

Texas Ready for $10M Bitcoin Purchase After Governor Signs Bill for State Reserve

Texas just joined the institutional Bitcoin rush—with politicians finally catching up to what crypto natives knew in 2013.

The $10M Move: State reserves now officially include BTC after Governor Abbott's signature. No more pretending bonds are 'safe' while dollars inflate away.

Why It Matters: When governments stack sats, it legitimizes crypto as treasury-grade—and makes goldbugs sweat. Even if the move reeks of political posturing during an election year.

The Punchline: Wall Street still charges 2% fees to 'manage' cash while Texas HODLs transparently on-chain. The future's here—just unevenly distributed.

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