First State Bitcoin Purchase EVER—Texas Leads the Way

Texas just made history — becoming the first U.S. state to buy Bitcoin. According to posts from the Texas Blockchain Council, the state executed a $5 million purchase of BlackRock’s IBIT ETF last week, marking the first allocation to the newly created Texas Strategic Bitcoin Reserve. The reserve, authorized under SB 21 and signed by Governor Greg Abbott earlier this year, allows Texas to hold Bitcoin alongside long-term assets managed by the Texas Treasury Safekeeping Trust Company.

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