Texas Launches $10 Million Bitcoin Reserve with $5 Million Investment in BlackRock ETF

Texas has made a bold move in the realm of cryptocurrency by establishing a $10 million bitcoin reserve initiative, commencing with an initial investment of $5 million in BlackRock’s iShares Bitcoin Trust ETF. This pioneering decision puts Texas at the forefront of state-level bitcoin adoption and sets a precedent for other states exploring similar investments. Driven by State legislators and supported by Governor Greg Abbott, the investment plan will evolve to include direct bitcoin holdings upon completion of custodian selection. .