Texas Invests $10 Million in Bitcoin, Sets New Trend for State-Level Investments

Texas has made a bold move to invest $10 million into Bitcoin. The Texas Permanent School Fund invested $5 million in BlackRock’s IBIT Spot Bitcoin ETF and an additional $5 million in direct Bitcoin custody. This dual investment strategy highlights Texas’ commitment to both institutional and decentralized Bitcoin ownership. Blackrock’s ETF provides regulated access to Bitcoin, while self-custody secures the asset directly. ]