TEXAS BECOMES THE FIRST STATE IN THE U.S. TO PURCHASE BITCOIN ETF
🔸 Texas just purchased 10 million USD Bitcoin ETF (IBIT from BlackRock) on 20/11 to add to the state's Strategic Reserve Fund. 🔸 In the future, Texas is expected to buy and self-manage Bitcoin directly (self-custody) after completing the selection process for the custodian. 🔸 The bank has passed a law to establish a Bitcoin reserve in June this year, without using taxpayers' money. 🔸 Besides Texas, the state of New Hampshire has just approved a Bitcoin-backed mortgage bond worth 100 million USD, becoming the first government in the world to implement this form #NonfarmPayrollsBeatExpectations .
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TEXAS BECOMES THE FIRST STATE IN THE U.S. TO PURCHASE BITCOIN ETF
🔸 Texas just purchased 10 million USD Bitcoin ETF (IBIT from BlackRock) on 20/11 to add to the state's Strategic Reserve Fund.
🔸 In the future, Texas is expected to buy and self-manage Bitcoin directly (self-custody) after completing the selection process for the custodian.
🔸 The bank has passed a law to establish a Bitcoin reserve in June this year, without using taxpayers' money.
🔸 Besides Texas, the state of New Hampshire has just approved a Bitcoin-backed mortgage bond worth 100 million USD, becoming the first government in the world to implement this form #NonfarmPayrollsBeatExpectations .