🤠 TEXAS "RIDE INTO" BITCOIN: $10 MILLION THROUGH BLACKROCK ETF! 🚀
The state of Texas (USA) has just made a historic move, officially confirming an investment in Bitcoin ($BTC ) and preparing for a larger strategic shift in the future:
💰 Initial Investment
Amount: Texas has invested 10 million USD in Bitcoin.
Investment channel: The transaction was made through BlackRock iShares Bitcoin Trust (IBIT), one of the leading spot Bitcoin ETF funds.
💡 Major Strategic Plan
Transitioning to Self-Custody: Texas is planning to withdraw BTC from the ETFs and self-manage its assets. This move aims to enhance security and direct control over the assets.
Potential addition of Ethereum ($ETH): Texas is considering adding Ethereum ($ETH ) to the state's crypto investment portfolio in the future.
👉 In summary: The fact that a large state like Texas is officially investing in Bitcoin through an ETF is an important event, signaling an increasing acceptance by state governments of cryptocurrencies as a reserve asset. The self-custody plan and consideration of ETH indicate that Texas aims to become the center of technology and decentralized finance (DeFi) in the US.
#Texas #Bitcoin #BlackRock $LTC
