Texas Takes First Step Toward State Bitcoin Reserve with $5M BlackRock IBIT Purchase
Texas has advanced its plan to create a dedicated Texas Strategic Bitcoin Reserve by purchasing $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) ETF. This initial purchase utilizes a portion of the $10 million appropriated earlier this year by state legislation, positioning Texas as a potential first-mover among U.S. states to establish a formal, … Read more