Texas Joins Harvard & Abu Dhabi in IBIT Purchases

[kevin1]

Texas is now among the newest buyers of BlackRock’s IBIT Bitcoin ETF, joining major players like Harvard and Abu Dhabi.
Although Texas plans to eventually self-custody BTC, the initial allocation went into IBIT due to procedural delays.
IBIT has still struggled this year, down about 10%, but institutional and government demand continues to climb.

[Nahid Hossen]

Texas joining major institutions shows how serious Bitcoin accumulation is getting.

[Abdul Khan]

Institutional buying like this usually signals long-term confidence.