Texas Takes First Step Toward a State Bitcoin Reserve with $5M BTC ETF Purchase
Texas has taken a concrete step toward building a state-level Bitcoin reserve by purchasing $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) as a temporary placeholder, according to the Texas Comptroller’s office. Although this is not yet a direct Bitcoin holding, the move signals that Texas is actively advancing its Texas Strategic Bitcoin Reserve plan. Earlier this year, the state had already approved a $10 million allocation for the reserve and recently completed an industry-wi...
Texas Takes First Step Toward a State Bitcoin Reserve with $5M BTC ETF Purchase
Texas has taken a concrete step toward building a state-level Bitcoin reserve by purchasing $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) as a temporary placeholder, according to the Texas Comptroller’s office. Although this is not yet a direct Bitcoin holding, the move signals that Texas is actively advancing its Texas Strategic Bitcoin Reserve plan. Earlier this year, the state had already approved a $10 million allocation for the reserve and recently completed an industry-wi...
