Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Texas cryptocurrency reserves take a key step, having allocated 5 million dollars to BlackRock Bitcoin Spot ETF.

robot
Abstract generation in progress

On November 26, according to Coindesk, Texas has taken a key step in building state-level encryption reserves. According to officials, the state has invested $5 million in BlackRock's Bitcoin ETF, although Texas's strategic Bitcoin reserve plan is still in preparation. The state has recently solicited industry opinions on establishing a compliance scheme for Bitcoin reserves and allocated $10 million through legislation earlier this year. After completing the final few procedural steps, Texas is expected to become the first state government in the United States to seriously launch long-term encryption asset investments. A spokesperson for the state auditor's office confirmed on Tuesday that as a transitional measure before establishing an accomplice contract, $5 million has been allocated to BlackRock iShares Bitcoin Trust.

BTC-1.18%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)