Texas Invests $10M in Bitcoin via BlackRock ETF, Plans Self-Custody Shift and Possible ETH Addition 🤑
Texas has made its first $10 million Bitcoin purchase using BlackRock’s IBIT ETF. This marks a pioneering move as a state-level investment in Bitcoin, forming part of a strategic reserve plan with long-term financial goals in mind.
The state is considering a shift towards self-custody for these assets, indicating a more hands-on approach in managing its cryptocurrency portfolio. Additionally, there is a potential inclusion of Ethereum (ETH) into their investment strategy, showcasing Texas’s proactive stance in the rapidly evolving digital asset landscape.
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