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.