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 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.