Texas taps a new RFP to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into custodied Bitcoin and build state crypto infrastructure.

Texas taps a new RFP to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into custodied Bitcoin and build state crypto infrastructure.

Texas is transitioning its $10M Strategic Bitcoin Reserve from BlackRock's IBIT ETF to direct on-chain custody, hiring a custodian via state procurement.

Texas expands its pioneering Bitcoin strategic reserve with a new advisory committee to guide future digital asset acquisitions beyond its initial $10M allocation.

Texas has appointed a five-member advisory committee to oversee its Strategic Bitcoin Reserve as the state prepares to transition from ETF exposure to directly custodied bitcoin.