Byte-Sized Insight by Cointelegraph

The first U.S. state to buy Bitcoin: Why is Texas going all in?

December 5, 2025·14 min
Episode Description from the Publisher

Texas just became the first US state to purchase and hold Bitcoin, and it did so during a market downturn, while many institutions and state treasuries were selling or backing away from crypto entirely. In this episode of Byte-Sized Insight, we break down alongside Lee Bratcher, founder and president of the Texas Blockchain Council, why Texas made a $5 million Bitcoin ETF purchase (with another $5 million earmarked for self-custodied BTC), how a years-long political history set the sta...

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