Golden Finance reports that Texas invested $10 million at a price of about $87,000 on November 20, becoming the first state in the U.S. to purchase Bitcoin. The Texas State Auditor and the Treasury's investment team closely monitor the market, and this initial investment was completed through BlackRock's IBIT ETF, with Texas planning to self-custody Bitcoin in the future.
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.
Texas invests $10 million in Bitcoin at a price of about $87,000.
Golden Finance reports that Texas invested $10 million at a price of about $87,000 on November 20, becoming the first state in the U.S. to purchase Bitcoin. The Texas State Auditor and the Treasury's investment team closely monitor the market, and this initial investment was completed through BlackRock's IBIT ETF, with Texas planning to self-custody Bitcoin in the future.