Texas has become the first U.S. state to purchase Bitcoin for its treasury — on November 20, 2025, the state used public funds to buy $5 million worth of shares in iShares Bitcoin Trust (IBIT), a regulated Bitcoin ETF, at approximately $87,000 per coin. This move follows the passage of the law establishing the Texas Strategic Bitcoin Reserve — under Senate Bill 21 — which was signed into law earlier in 2025, allowing the state to hold cryptocurrency as part of its long-term reserve assets. The decision marks a new chapter in public-sector finance in the United States: by adding Bitcoin to its balance sheet, Texas signals growing institutional and governmental acceptance of cryptocurrencies as reserve assets — a shift that could influence other states to consider similar moves.

Robert Kiyosaki, author of Rich Dad Poor Dad, recently sold about US $2.25 million worth of Bitcoin, which he says he originally bought “years ago” at around US $6,000 per coin and sold at roughly US $90,000. He isn’t exiting crypto — rather, he’s converting the gains into two surgery centres and a billboard-advertising business, expecting them to generate around US $27,500 per month (tax-free) by February 2026. Despite the sale, Kiyosaki says he remains strongly bullish on Bitcoin and intends to use the new cash flow to buy more of it in the future.