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Texas Crypto Reserve Takes Key Step, Allocates $5M to BlackRock Bitcoin Spot ETF

2025.11.26 08:12:33

On November 26th, as reported by Coindesk, Texas has taken a significant step in establishing a state-level crypto reserve. According to officials, the state has invested $5 million to purchase BlackRock's Bitcoin ETF. Although the Texas Strategic Bitcoin Reserve Plan is still in the process of being formulated. The state recently solicited industry input on establishing a Bitcoin reserve compliance program and allocated $10 million through legislation earlier this year. After completing the final procedures, Texas is about to become the first U.S. state to officially launch long-term cryptocurrency asset investments by a state government. A spokesperson for the State Comptroller's Office confirmed on Tuesday that as a temporary measure before establishing a custody contract, $5 million has been allocated to the BlackRock iShares Bitcoin Trust.
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