PANews reported on November 26th that, according to The Block, a post from the Texas Blockchain Commission indicates that the state has made its first allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction appears to be the first use of authorized funds under SB 21, enacted by Greg Abbott in June. This act established a state-level Bitcoin reserve operated by the Texas Treasury Trust Company. Lee Bratcher, chairman of the Texas Blockchain Commission, revealed on Twitter that the purchase occurred on November 20th, marking both the reserve's first allocation and the first instance of a state government purchasing Bitcoin in the United States. However, state officials have not yet released any documents or statements to confirm the transaction. According to the latest 13F filing by the Texas Fiscal Trust, the company holds approximately $667 million in SPY (S&P 500 ETF) and $34 million in the Janus Henderson Fund. If, as Lee Bratcher stated, the purchase of $5 million worth of IBIT (as part of a $10 million Bitcoin allocation) would become the third largest holding in this portfolio.PANews reported on November 26th that, according to The Block, a post from the Texas Blockchain Commission indicates that the state has made its first allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction appears to be the first use of authorized funds under SB 21, enacted by Greg Abbott in June. This act established a state-level Bitcoin reserve operated by the Texas Treasury Trust Company. Lee Bratcher, chairman of the Texas Blockchain Commission, revealed on Twitter that the purchase occurred on November 20th, marking both the reserve's first allocation and the first instance of a state government purchasing Bitcoin in the United States. However, state officials have not yet released any documents or statements to confirm the transaction. According to the latest 13F filing by the Texas Fiscal Trust, the company holds approximately $667 million in SPY (S&P 500 ETF) and $34 million in the Janus Henderson Fund. If, as Lee Bratcher stated, the purchase of $5 million worth of IBIT (as part of a $10 million Bitcoin allocation) would become the third largest holding in this portfolio.
Texas launches Bitcoin reserve program, with an initial $5 million purchase of IBIT from BlackRock.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on November 26th that, according to The Block, a post from the Texas Blockchain Commission indicates that the state has made its first allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction appears to be the first use of authorized funds under SB 21, enacted by Greg Abbott in June. This act established a state-level Bitcoin reserve operated by the Texas Treasury Trust Company. Lee Bratcher, chairman of the Texas Blockchain Commission, revealed on Twitter that the purchase occurred on November 20th, marking both the reserve's first allocation and the first instance of a state government purchasing Bitcoin in the United States. However, state officials have not yet released any documents or statements to confirm the transaction.
According to the latest 13F filing by the Texas Fiscal Trust, the company holds approximately $667 million in SPY (S&P 500 ETF) and $34 million in the Janus Henderson Fund. If, as Lee Bratcher stated, the purchase of $5 million worth of IBIT (as part of a $10 million Bitcoin allocation) would become the third largest holding in this portfolio.
Market Opportunity
Blockstreet Price(BLOCK)
$0.005394
$0.005394$0.005394
USD
Blockstreet (BLOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Strait of Hormuz Crisis: Trump’s Critical 48-Hour Ultimatum to Iran Shakes Global Markets
BitcoinWorld Strait of Hormuz Crisis: Trump’s Critical 48-Hour Ultimatum to Iran Shakes Global Markets WASHINGTON D.C., March 15, 2025 – Former President Donald
Share
bitcoinworld2026/03/22 22:55
Which Altcoin Will Win Q2? (2 AIs Make Some Bold Predictions)
The post Which Altcoin Will Win Q2? (2 AIs Make Some Bold Predictions) appeared on BitcoinEthereumNews.com. Home » Crypto Bits Pi Network’s PI token vs. Ripple
Share
BitcoinEthereumNews2026/03/22 22:57
CME Group to launch options on XRP and SOL futures
The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
