Texas Leads the Way: First US State Invests $5M in Bitcoin

In a landmark move, Texas has become the first state in the U.S. to officially incorporate Bitcoin into its public investment portfolio. The state allocated $5 million to BlackRock’s iShares Bitcoin Trust (IBIT) as part of the new SB 21 Bitcoin Reserve. This bold step signals a strong commitment to Bitcoin’s potential amidst increasing institutional interest and growing acceptance in the financial world.