In a groundbreaking move, in late November 2025, Texas executed a $5 million purchase of Bitcoin, marking the launch of its Strategic Bitcoin Reserve under Senate Bill 21 (SB 21), which was passed earlier in 2025. Although the purchase is only a modest investment in amount (compared to the state’s roughly $338 billion budget), the symbolic meaning is much greater in terms of demonstrating that a major political entity views Bitcoin not as speculation but as…

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