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Texas Becomes the First State Government in the U.S. to Officially Purchase Bitcoin
Source: DigitalToday
Original Title: Texas becomes the first US state government to officially purchase Bitcoin
Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=610770
Texas has become the first US state government to directly purchase Bitcoin, marking a new phase in discussions related to digital assets.
According to reports, Texas has purchased $5 million worth of BlackRock Bitcoin Trust and plans to additionally directly hold $5 million worth of Bitcoin.
This is the first Bitcoin purchase at the state government level, carried out in accordance with the Texas Strategic Bitcoin Reserve Act.
This decision aligns with Texas Governor Greg Abbott’s supportive stance on Bitcoin. Governor Abbott has emphasized the potential of Bitcoin, stating, “Texas will lead Bitcoin and blockchain innovation.”
However, other states have not shown a consistent attitude toward Bitcoin. Earlier this year, about 20 states promoted bills to hold Bitcoin in public finances, but due to price declines and political pressure, most plans have been suspended.