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Hamza Ahmed

Texas Commits $10 Million to Bitcoin Reserve Through IBIT ETF and Direct Custody Plan

Texas has allocated $10 million toward a state Bitcoin reserve through a dual-phase strategy. The state purchased $5 million of BlackRock's IBIT ETF on November 20, 2025, at approximately $87,000 per Bitcoin, according to Texas Blockchain Council president Lee Bratcher. A second $5 million tranche is designated for direct Bitcoin custody pending completion of regulatory infrastructure under Senate Bill 21.
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