Texas invests $10 million in bitcoin at a price of around $87,000
Jinse Finance reported that Texas invested $10 million at a price of approximately $87,000 on November 20, becoming the first state in the United States to purchase bitcoin. The Texas State Auditor and Treasury investment team are closely monitoring the market. This initial investment was made through BlackRock's IBIT ETF, and in the future, Texas will self-custody its bitcoin holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DWF Labs launches $75 million proprietary DeFi investment fund
The Federal Reserve Beige Book shows a slight decline in employment and weak labor demand
Vitalik: Ethereum gas limit is expected to continue increasing next year
Trending news
MoreCrypto prices
More
