Texas Takes First Step Toward State Bitcoin Reserve with $5 Million ETF Purchase
CoinDesk reports that Texas has purchased $5 million worth of shares in BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF). The investment, confirmed by a spokesman for the Texas Comptroller of Public Accounts, serves as a placeholder as the state continues working toward directly holding bitcoin in its own reserve. The purchase comes after Texas passed…
