TechFlow news, November 26 — According to CoinDesk, Texas has purchased $5 million worth of BlackRock's bitcoin exchange-traded fund (ETF). A spokesperson for the Texas Treasury said the state is establishing a formal bitcoin reserve and has temporarily acquired BlackRock’s iShares Bitcoin Trust (IBIT) while continuing its search for a custodial partner. Texas previously passed legislation allocating $10 million for building a bitcoin reserve and completed industry information gathering last month.
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