Texas made history on November 20 by allocating $10 million from general revenue to its new Strategic Bitcoin Reserve, purchasing $5 million in BlackRock’s IBIT ETF at around $87,000 per BTC.
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The initial buy positions the state as the first in the U.S. to formally acquire Bitcoin for treasury diversification, with plans to self-custody the assets once infrastructure is finalized.
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This move, authorized by Senate Bill 21 signed in June, signals Texas’s leadership in digital asset adoption amid global competition for BTC reserves.
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Join the free telegram in our bio for daily crypto news and insights
⠀
The initial buy positions the state as the first in the U.S. to formally acquire Bitcoin for treasury diversification, with plans to self-custody the assets once infrastructure is finalized.
⠀
This move, authorized by Senate Bill 21 signed in June, signals Texas’s leadership in digital asset adoption amid global competition for BTC reserves.
⠀
Join the free telegram in our bio for daily crypto news and insights
Texas made history on November 20 by allocating $10 million from general revenue to its new Strategic Bitcoin Reserve, purchasing $5 million in BlackRock’s IBIT ETF at around $87,000 per BTC.
⠀
The initial buy positions the state as the first in the U.S. to formally acquire Bitcoin for treasury diversification, with plans to self-custody the assets once infrastructure is finalized.
⠀
This move, authorized by Senate Bill 21 signed in June, signals Texas’s leadership in digital asset adoption amid global competition for BTC reserves.
⠀
Join the free telegram in our bio for daily crypto news and insights 📲
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